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Bank of America has bonds with a par value of $1,000 and a coupon rate of 8%, which is paid semiannually. It matures in 7

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Bank of America has bonds with a par value of $1,000 and a coupon rate of 8%, which is paid semiannually. It matures in 7 years. Your annual required rate of return is 10%. 3, What is your valuation of the bonds? What is the bond's annual expected rate of return (annual YTM) if the market price of this bond is $900? Should you purchase the bond? a. b

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