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Newberry Corporation's outstanding bonds pay a 8.44% quarterly coupon, have a $1,000 par value, and 19 years to maturity. if the market currently requires a

  • Newberry Corporation's outstanding bonds pay a 8.44% quarterly coupon, have a $1,000 par value, and 19 years to maturity. if the market currently requires a 9.03% rate of return on Newberry's bonds, what is the market value of the bond?

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