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(Bond valuation) Bank of America has bonds that pay a coupon interest rate of 10 percent and mature in 30 years. If an investor

(Bond valuation) Bank of America has bonds that pay a coupon interest rate of 10 percent and mature in 30 years. If an investor has a required rate of return of 4.7 percent, what should she be willing to pay for the bond? What happens if she pays more or less?

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