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Suppose that you purchased a B- rated $5,000 annual coupon bond with an 18.2% coupon rate and a 16 year maturity. The current rate on

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Suppose that you purchased a B- rated $5,000 annual coupon bond with an 18.2% coupon rate and a 16 year maturity. The current rate on 16-year US treasuries is 3%. If you purchased it at a 7.739% discount to par value, how much did you pay

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