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Bond Valuation Problems Bradshaw Inc. is issuing 10-year bonds with a coupon rate of 6% and a face value of $1,000. If the coupon payments

Bond Valuation Problems

Bradshaw Inc. is issuing 10-year bonds with a coupon rate of 6% and a face value of $1,000. If the coupon payments are paid semiannually and the return on bonds with similar risk is currently 8%, how much would you be willing to pay for one of these bonds?

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