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An investor looks at today's yield to maturities in the Wall Street Journal for debt with 10 year maturities. He observes the following: Exxon Mobil

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An investor looks at today's yield to maturities in the Wall Street Journal for debt with 10 year maturities. He observes the following: Exxon Mobil (XON) has debt that is AAA rated. Suppose an investor wants to value Exxon bonds that will mature in 10 years. He sees one Exxon bond that pays a 7.875% annual coupon with a face value of $1,000. Bond prices are often quoted as a percentage of $100 face value increments. How would you quote your results from Part A? (express answer as a percentage, xx.xx\%, of par) Answer format: Percentage Round to: 2 decimal places (Example: 9.24%,% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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