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Jane has been offered a 15-year bond issued by Barone, Inc., at a price of $953.22. The bond has a coupon rate of 10 percent
Jane has been offered a 15-year bond issued by Barone, Inc., at a price of $953.22. The bond has a coupon rate of 10 percent and pays the coupon semiannually. Bond has a face value of S1,000. Similar bonds in the market will yield 11 percent today. What are the cash flows from this bond
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