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(Bond valuation relationship) The 17-year, $1000 par value bonds of Waco industry pay 6 percent interest annually. The market price of the bond is $955,

(Bond valuation relationship) The 17-year, $1000 par value bonds of Waco industry pay 6 percent interest annually. The market price of the bond is $955, and the market's required yield to maturity on ...

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