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please show work and the formula you chose A corporation has 5.5% coupon bonds on the market that have 14 years left to maturity and
please show work and the formula you chose 
A corporation has 5.5% coupon bonds on the market that have 14 years left to maturity and a face value of $1,000. The bonds make annual payments. If the yield to maturity on these bonds is 6.5%, what is the current bond price Step by Step Solution
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