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cullumber corp is issuing a 10-year bond with a coupon rate of 12 percent. The interest rate for similar bonds is currently 9 percent. Assuming

cullumber corp is issuing a 10-year bond with a coupon rate of 12 percent. The interest rate for similar bonds is currently 9 percent. Assuming annual payments, what is the value of the bond?
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Cullumber Corp is issuing a 10-year bond with a coupon rate of 12 percent. The interest rate for similar bonds is currently 9 percent. Assuming annual payments, what the value of the bond? (Round answer to 2 decimal places, es 15.25) Value of bond $

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