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The Garland Corporation has a bond outstanding with a $90 annual interest with semiannual payment, a market price of $860, and a maturity date in
The Garland Corporation has a bond outstanding with a $90 annual interest with semiannual payment, a market price of $860, and a maturity date in 10 years. Assume the par value of the bonds is $1,000. Find the following: (Use o Financial calculator to arrive ot the answers. Round the final answers to 2 decimal places.)
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