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A corporate bond with an original maturity of ten years and a face value of $1,000,000. It has a coupon rate of 5%, annual payments,
A corporate bond with an original maturity of ten years and a face value of $1,000,000. It has a coupon rate of 5%, annual payments, and seven years to maturity. Current yields on bonds of similar risk are 5.75%. Value this bond a. 950,328.32 b. 952,275.32 c. 954,350.25 d 956,626.22 e 957,757.54
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