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-PAETEC Corporation issued 15 year bonds, paying 7%, three years ago. Today similar bonds are trading @ 8.5%. What is the price of the PAETEC
-PAETEC Corporation issued 15 year bonds, paying 7%, three years ago. Today similar bonds are trading @ 8.5%. What is the price of the PAETEC bonds in today's market?
-AXYZ Company's bonds are selling for $1,088 today, and have 7 years left to maturity. The market interest rate for similar bonds is 7%. What is the annual coupon payment and today's current yield?
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