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PLEASE SHOW ALL WORK AND FORMULAS. DON'T USE EXCEL. Question 28 Dunder Mifflen just issued a 20-year annual bond with a par value of $1,000

image text in transcribedPLEASE SHOW ALL WORK AND FORMULAS. DON'T USE EXCEL.

Question 28 Dunder Mifflen just issued a 20-year annual bond with a par value of $1,000 and a coupon rate of 10.6%. The current yield-to-maturity is 3.0%. What is the intrinsic value of the bond and if the bond's current market price is $2,216,what should you do

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