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Assume Disney Studios is offering a corporate bond with a face value of $1,000 and an annual coupon rate of 12 percent. The maturity period

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Assume Disney Studios is offering a corporate bond with a face value of $1,000 and an annual coupon rate of 12 percent. The maturity period is 15 years. The interest is to be paid annually. The annual YTM for similar bonds in the market is currently 8 percent. What is the value of this $1,000 bond today? $

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