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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a siman company

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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a siman company issues a bond with a par value of 61,000, 20 years to maturity, and a coupon rate of 62 past pald annually. heled te maturity is 7.3 percent, what is the current price of the bonde not

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