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Find the price of a corporate bond maturing in 5 years that has a 8% coupon (quarterly payments), a $1,000 face value, and is rated

  1. Find the price of a corporate bond maturing in 5 years that has a 8% coupon (quarterly payments), a $1,000 face value, and is rated Aa. A local newspaper's financial section reports that the yields on 5 year bonds are: Aaa = 6%, Aa = 7%, and A = 8%. (1 point)

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