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ABC Corp has outstanding bonds with a coupon of 8%. The bonds mature in 15 years. Investments of similar risk are yielding 9.5%. If the

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ABC Corp has outstanding bonds with a coupon of 8%. The bonds mature in 15 years. Investments of similar risk are yielding 9.5%. If the bonds pay interest on a semiannual basis, what is the value of an ABC Corp bond? a) $1,004.12 b) $864.97 $ c) $881.35 d) $1,514.16 e) $1,129.69

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