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Bonds issued by Boeing (BA) pay coupons annually. The bonds mature in 6 years and investments of similar risk are currently yielding 10%. If the

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Bonds issued by Boeing (BA) pay coupons annually. The bonds mature in 6 years and investments of similar risk are currently yielding 10%. If the coupon rate is 11%, what is the most an investor should be willing to spend for a bond? Assume the bond pays $1,000 at maturity

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