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Bradshaw inc. is issuing 20-year bonds with a coupon rate of 5% and a face value of $1,000. If the coupon payments are paid semiannually

Bradshaw inc. is issuing 20-year bonds with a coupon rate of 5% and a face value of $1,000. If the coupon payments are paid semiannually and

the YIM is currenty 3.5% (YR), how much would you be willing to pay for one of these bonds?

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