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Fingen's 19 year $1000 par value bonds pay 8 percent interest annually. The market price of the bonds is $1,120 and the market's required yield

Fingen's 19 year $1000 par value bonds pay 8 percent interest annually. The market price of the bonds is $1,120 and the market's required yield to maturity on a comparable- risk bond is 5 percent. a. ...

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