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The General Energy Corp. issued a 10% coupon bond on December 19, 2015, that will expire on December 19, 2035. If today is December 19,
The General Energy Corp. issued a 10% coupon bond on December 19, 2015, that will expire on December 19, 2035. If today is December 19, 2020, and the yield to maturity is 14.4%, what price should General Energy be willing to pay for this bond?
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