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quiz 1. One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 9.8% annual coupon bonds at their par value of $1,000. Today, the market

quiz 1. One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 9.8% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 5.5%. What is the cur...

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