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The 14?-year, ?$1,000 par value bonds of Waco Industries pay 11 percent interest annually. The market price of the bond is ?$1,065?, and the? market's

The 14?-year, ?$1,000 par value bonds of Waco Industries pay 11 percent interest annually. The market price of the bond is ?$1,065?, and the? market's required yield to maturity on a? comp...

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