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Apple wants to issue bonds with $1,000 face value and 10 years to maturity. The bonds would pay coupons semi-annually. The coupon rate is 4%.

Apple wants to issue bonds with $1,000 face value and 10 years to maturity. The bonds would pay coupons semi-annually. The coupon rate is 4%. The market price of the bonds is $1,070.45. What is the yi 1 answer

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