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The 12?-year, ?1000$ par value bonds of Waco Industries pay 9percent interest annually. The market price of the bond is?$1,065?, and the? market's required yield

The 12?-year, ?1000$ par value bonds of Waco Industries pay 9percent interest annually. The market price of the bond is?$1,065?, and the? market's required yield to maturity on a?compar 1 answer

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