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Media Bias Inc. issued bonds 10 years ago at $1,000 per bond. These bonds had a 30-year life when issued and the annual interest payment

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Media Bias Inc. issued bonds 10 years ago at $1,000 per bond. These bonds had a 30-year life when issued and the annual interest payment was then 14 percent. This return was the required returns by bondholders at that point in time as described below: line with Real rate return Inflation premium Risk premium 4% 5 14% Total return Assume that 10 years later, due years remaining until maturity. good publicity, the risk premium is now 3 percent and is appropriately reflected the required return (or yield to maturity) of the bonds. The bonds have 20 Compute the e clulations Be A nd App 3 decimel allswer but calculate your final answer using the formula and financial calculator methods., (Do not answer to payments are your New price of the bond

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