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Bonds: 1 bond issue outstanding, book value of $600 million, face value of $1,000, 5% coupon, paid semi-annually, 20 years to maturity, YTM of 7%.

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Bonds: 1 bond issue outstanding, book value of $600 million, face value of $1,000, 5% coupon, paid semi-annually, 20 years to maturity, YTM of 7%. Market: Treasury bills have a return of 1% and the market risk premium is 8.5%. Part 2 Attempt 3/10 for 10 pts. What is the market value of the bond issue (in $ million)? 0+ decimals Submit

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