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and both old and new internal and sustainable growth rates. 3. Consider a bond of Beecham with a coupon rate of 15% and coupons paid

and both old and new internal and sustainable growth rates. 3. Consider a bond of Beecham with a coupon rate of 15% and coupons paid annually. The par value is $10,000 and the bond has 25 years to maturity. The yield to maturity is 12%. Compute the value of the bond

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