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Bond valuation Assume Bat Company's 25-year BBB-rated bonds, which were issued 10 years ago, have the standard par value of $1,000 and offer a 9%

Bond valuation Assume Bat Company's 25-year BBB-rated bonds, which were issued 10 years ago, have the standard par value of $1,000 and offer a 9% semiannual coupon. They just paid a coupon yesterday, and their YTM is presently quoted at 14%. What should be the price of a Bat Company Bond?

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