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Braden has a 20-year bond outstanding with a 3.5% coupon ratethat pays semiannual interest. The face value is $1,000 and thecurrent market price is $962.81.

Braden has a 20-year bond outstanding with a 3.5% coupon ratethat pays semiannual interest. The face value is $1,000 and thecurrent market price is $962.81. The bond matures in 4 years, whatis the 2 answers

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