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Smith Industries issued $10,000,000 of corporate bonds with a 30-year maturity five years ago. The bonds have a coupon rate of 10.125 percent, paying interest

Smith Industries issued $10,000,000 of corporate bonds with a 30-year maturity five years ago. The bonds have a coupon rate of 10.125 percent, paying interest semiannually, and have a par value of $1,...

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