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A firm has an issue of 1,000 par value bonds with a 12 percent stated interest rate outstanding. The issue pay interest semiannually and has

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A firm has an issue of 1,000 par value bonds with a 12 percent stated interest rate outstanding. The issue pay interest semiannually and has 6 year remaining to its maturity date. If bond of similar risk are currently earning 13 percent, the firm's bond will for

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