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QUESTION 12 The Wall Street Journal carried the following advertisement for a corporate bond issue by GE Corporation on November 15, 2006: 20-year bands rated

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QUESTION 12 The Wall Street Journal carried the following advertisement for a corporate bond issue by GE Corporation on November 15, 2006: 20-year bands rated AA paying coupons at the rate of 7. Coupons are paid semi-annually. The price of the bond on November 15, 2006 13 905.00. If the face value of the bond is $1.000 what is the old to morton this bond? (12 points) 7.05 3.54 14.08H 7.10%

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