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Intro A corporate bond has 23 years to maturity, a face value of $1,000, a coupon rate of 5.3% and pays interest twice a year.
Intro A corporate bond has 23 years to maturity, a face value of $1,000, a coupon rate of 5.3% and pays interest twice a year. The annual market interest rate for similar bonds is 3.2%. Part 1 What is the value of the bond (in $)? 0+ decimals Submit BAttempt 1/10 for 10 pts.
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