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A hospital plans to issue a tax-exempt bond at an annual coupon rate of 7 percent with a maturity of 15 years The par value

A hospital plans to issue a tax-exempt bond at an annual coupon rate of 7 percent with a maturity of 15 years The par value of the bond is $9,000 a) If the market rate falls to 6 %, what is the value of the bond

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