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apple inc is planning to issue a 30-year bond that pays a 6.50% coupon rate (annual coupon payments) with a face value of $1000. apple

apple inc is planning to issue a 30-year bond that pays a 6.50% coupon rate (annual coupon payments) with a face value of $1000. apple currently has an "A" rating from standard & Poor's. assume that the yield-to-maturity for other long-term "A" rated bond is 7.00%. what will the market price of apple inc's bond be when it is issued

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