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Question 4 . 4 . ( TCO 5 ) Calculate the appropriate selling price of a 30 - year 9% annual coupon paid semiannually ,

Question 4 . 4 . ( TCO 5 ) Calculate the appropriate selling price of a 30 - year 9% annual coupon paid semiannually , $ 1, 000 corporate bond that was purchased five years ago . Marketplace interest rates are averaging 8% . ( Points : 10 )

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