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Bond of Jane Co . has 1 5 years to maturity, an 6 % annual coupon, and a $ 1 , 0 0 0 par
Bond of Jane Co has years to maturity, an annual coupon, and a $ par value. Your required return on the bond is ; if you buy it you plan to hold it for years. You and the market have expectations that in years, the yield to maturity on a year bond with similar risk will be How much should you be willing to pay for the bond today?
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