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johnson Corp. Issued 10 year 6% bonds 3 years agon with a put option of 1000 exercisable at the end of year 3. the market
johnson Corp. Issued 10 year 6% bonds 3 years agon with a put option of 1000 exercisable at the end of year 3. the market interest rate at that time was 5%. there had been 2% increase in interest rate over these 3 years. How much is the bond worth today?
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