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BOND VALUATION Vroom!, Inc., a producer of toy trucks, just floated a bond issue. The annual bonds have a face value of $1,000. The yield

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BOND VALUATION Vroom!, Inc., a producer of toy trucks, just floated a bond issue. The annual bonds have a face value of $1,000. "The yield to maturity is 6%. The bonds have 15 years to maturity and carry a 6% coupon rate. What is the price of the bonds

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