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Please show work and formula used answer is not important A2. (Bond valuation) Merck made a coupon payment yesterday on its 6.25% bonds that mature

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Please show work and formula used answer is not important

A2. (Bond valuation) Merck made a coupon payment yesterday on its 6.25% bonds that mature in 11.5 years. If the required return on these bonds is 9.2% nominal annual, what should be the market price of these bonds

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