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planning to issue a 30 -year bond that pays a 6.50% coupon rate (annual coupon payments) with a face value of $1,000. Apple currently has

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planning to issue a 30 -year bond that pays a 6.50% coupon rate (annual coupon payments) with a face value of $1,000. Apple currently has an "A" rating from Standard \& Poor's. Assume that the yield-to-maturity for other long-term " A " rated bonds is 7.00%, What will the market price of Apple Inc.'s bond be when it is issued

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