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Bangle Energy issued a 30-year bond 18 years ago. It still has 12 years to maturity. It had a $1,000 par value and paid 12%
Bangle Energy issued a 30-year bond 18 years ago. It still has 12 years to maturity. It had a $1,000 par value and paid 12% annual interest compounded semiannually. Your required rate of return on the bond is 10%. How much are you willing to pay for this bond? (6 points)
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