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Blossom, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,026.17 today and your
Blossom, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,026.17 today and your required rate of return was 6.7 percent.
How much should you have paid for the bond?
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