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Johnson and Johnson offers bonds with a coupon rate of 8.8 percent paid semiannually. The YTM is 11.2 percent and the maturity date is 11

Johnson and Johnson offers bonds with a coupon rate of 8.8 percent paid semiannually. The YTM is 11.2 percent and the maturity date is 11 years from now. 1. What is the market pri...

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