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Janjigian Industries has a bond outstanding with 20 years to maturity, a 6.4% coupon paid semiannually, and a $1,000 par value. The bond has a

Janjigian Industries has a bond outstanding with 20 years to maturity, a 6.4% coupon paid semiannually, and a $1,000 par value. The bond has a 5% nominal yield to maturity, but it can be called in 5...

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