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Show your work, 1. The fieldstone flooring company series A bonds have 5 years to maturity. Interest rate is paid annuary; the bonds have a

Show your work,

1. The fieldstone flooring company series A bonds have 5 years to maturity. Interest rate is paid annuary; the bonds have a $1,000 par value; and the coupon rate is 9 %.

What would you pay for a bond if you believed that appropriate yield is 12%.

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