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(Bond valuation) Bellingham bonds have an annual coupon rate of 6 percent and a par value of 1,000 and will mature in 30 years. If

(Bond valuation) Bellingham bonds have an annual coupon rate of 6 percent and a par value of 1,000 and will mature in 30 years. If you require a return of 9 percent, what price would you be willing to pay for the bond? What happens if you pay more for the bond? What happens if you pay less for the bond

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