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A bond that matures in 16 years has a ?$1,000 par value. The annual coupon interest rate is 7 percent and the? market's required yield

A bond that matures in 16 years has a ?$1,000 par value. The annual coupon interest rate is 7 percent and the? market's required yield to maturity on a? comparable-risk bond is 13 percent. What ...

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