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Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,001.73 today and your
Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,001.73 today and your required rate of return was 7.30 percent. What is the worth of the bond?
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