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(Bond valuation Relationship) The 13- year, $1,000 par value bond of Waco industries pay 7 percent interest annually. The market price of the bond is

(Bond valuation Relationship) The 13- year, $1,000 par value bond of Waco industries pay 7 percent interest annually. The market price of the bond is $1,095, and the market's required yield to matur...

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