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Question 1 1 pts Crayola Corp has an outstanding bond with a coupon rate of 6.7% per year which matures in 2038. If you require

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Question 1 1 pts Crayola Corp has an outstanding bond with a coupon rate of 6.7% per year which matures in 2038. If you require a rate of 3.8% per year on this bond, what is the value of the Crayola bond? (Of course the bond is par value $1000 and pays semi-annual coupon payments.)

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