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A company's 20-year bonds have an annual coupon rate of 9.5%. Each bond has a face value of $1,000 and makes semiannual interest payments. If

A company's 20-year bonds have an annual coupon rate of 9.5%. Each bond has a face value of $1,000 and makes semiannual interest payments. If you require an 11% nominal yield to maturity on this inve...

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