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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 $1,081.56 today and your

Rockne, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,081.56 today and your required rate of return was 5.74 percent. Did you pay the right price for the bond?

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