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Consider a bond of XYZ Inc. with a coupon rate of 10% and coupons paid monthly. The bond has 37 years to maturity. The yield

Consider a bond of XYZ Inc. with a coupon rate of 10% and coupons paid monthly. The bond has 37 years to maturity. The yield to maturity is 10%. The face value of the bond is $1,500,000. What is the value of the bond?

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