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a corporation decides to issue 15-year bonds, redeemable at par, with a face amount of $1,000 each. If interest payments are to be mad at

a corporation decides to issue 15-year bonds, redeemable at par, with a face amount of $1,000 each. If interest payments are to be mad at teeh rate of 10% convertible semi-annually, and if George is happy with a yield of 8% convertible semi-annually, what should he pay for one of these bonds?

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