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In December 2021 a company issued 40,000 bonds, borrowing $1,000 per bond, giving a total borrowing of $40 million over the next 20 years. Each

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In December 2021 a company issued 40,000 bonds, borrowing $1,000 per bond, giving a total borrowing of $40 million over the next 20 years. Each bond pays semiannual coupons, has a face value of $1,000 and a coupon rate of 6.5 percent. In December 2022 (exactly one year after issuance), calculate the value of the bond if the yield to maturity is now 5.8%. a. $924.25 b. $1.000.00 c. $1.076.50 d. $1.079.96 e. $1.082.23

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