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The Aseri Insurance company purchases corporate bonds in the secondary market with 6 years to maturity. Total par value is $55 million. The coupon rate
The Aseri Insurance company purchases corporate bonds in the secondary market with 6 years to maturity. Total par value is $55 million. The coupon rate is 10% with annual interest payments. If the expected required rate of return in 4 years is 8%, what will the market value of the bonds be then;
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