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Problem #18 A Microgates Industries bond has a 10% coupon rate and a $1,000 face value. Interest is paid semi- annually and the bond has

Problem #18 A Microgates Industries bond has a 10% coupon rate and a $1,000 face value. Interest is paid semi- annually and the bond has 20 years to maturity. If investors require a 12% yield, what is the bond's value

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