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One of IBM's bond issues has an annual coupon rate of 3.6%, a face value of $1,000 and matures in 9 years. What is the

One of IBM's bond issues has an annual coupon rate of 3.6%, a face value of $1,000 and matures in 9 years.

What is the value (or price) of the bond if the required return is 6%

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