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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 fice value of $1,000. What should the bond trade for today

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