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Assume a company is willing to raise $50 million in bonds (or the equivalent of this amount in foreign currencies) that mature in 5 years,
Assume a company is willing to raise $50 million in bonds (or the equivalent of this amount in foreign currencies) that mature in 5 years, what is the bond's price if 5 foreign investors require a yield to maturity of 4.2% on euro bonds issued in their country by a foreign borrower (Assume the par value of the bond is $5,000, coupon payment = 4.4%, paid semi-annually. 9 = Please show all the steps
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