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The Brownstone Corporation bonds have 10 years remaining to maturity. Interest is paid annually; the bonds have a $1,000 par value; and the coupon interest

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The Brownstone Corporation bonds have 10 years remaining to maturity. Interest is paid annually; the bonds have a $1,000 par value; and the coupon interest rate is 9%. What is the yield to maturity at a current market price of $875 or $1, 080? Would you pay $875 for one of these bonds if you thought that the appropriate rate of interest was 10%-that is, if r_d = 10%? Explain your

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