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A) Several years ago, Castles in the Sand Inc. issued bonds at face value of $1,000 at a yield to maturity of 8.6%. Now, with
A) Several years ago, Castles in the Sand Inc. issued bonds at face value of $1,000 at a yield to maturity of 8.6%. Now, with 7 years left until the maturity of the bonds, the company has run into h...
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