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IBM is looking to issue a low-risk bond with a maturity of 12 years. The bond has a face value of 20000000 and makes coupon

IBM is looking to issue a low-risk bond with a maturity of 12 years. The bond has a face value of 20000000 and makes coupon payments monthly, at a coupon rate of 4%p.a. for the first eight years. Afte...

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