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icrosoft just issued a bond with annual coupons and twenty years to maturity. The bond has a face value of $1,000 and a coupon rate
icrosoft just issued a bond with annual coupons and twenty years to maturity. The bond has a face value of $1,000 and a coupon rate of 10%. If the yield on equivalently risky corporate bonds is currently 10%, then what were the proceeds to Microsoft from the bond issue? a.$1,000 b.$1,100 c.$1,200 d.$900 e.$100
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