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Cullumber Inc. has seven - year bonds outstanding that pay a 1 2 percent coupon rate. Investors buying these bonds today can expect earn a
Cullumber Inc. has sevenyear bonds outstanding that pay a percent coupon rate. Investors buying these bonds today can expect earn a yield to maturity of percent. What is the current value of these bonds? Assume annual coupon payments and face value is $Round answer to decimal places, eg
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