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The bonds of TigerPaw, Inc. carry a 9% annual coupon, have a $1,000 face value, and mature in 15 years. Market rate is 5%. What
The bonds of TigerPaw, Inc. carry a 9% annual coupon, have a $1,000 face value, and mature in 15 years. Market rate is 5%. What is the market value of Tiger's bonds?
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