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In December of 2005, the Eastman Kodak Corporation (EK) had a straight bond issue outstanding that was due in eight years. The bonds are selling

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In December of 2005, the Eastman Kodak Corporation (EK) had a straight bond issue outstanding that was due in eight years. The bonds are selling for 108.126%, or $1, 081.26, per bond and pay a semiannual interest payment based on a 7.25% (annual) coupon rate of interest. Assume that the bonds

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