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An A rated corporate bond from Textron has ten years until maturity, a coupon rate (paid semiannually) of 4.6%, and par value of $1,000. Similar
An "A" rated corporate bond from Textron has ten years until maturity, a coupon rate (paid semiannually) of 4.6%, and par value of $1,000. Similar corporate bonds have yields-to-maturity of 2.8%. At that yield, what should be the price of the Textron bond as a percentage of par value?
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