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The Joseph H. Shadowski Real Estate Company purchases corporate bonds in the secondary market with nine (9) years to maturity. Total par value is $10

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The Joseph H. Shadowski Real Estate Company purchases corporate bonds in the secondary market with nine (9) years to maturity. Total par value is $10 million. The coupon rate is 9.5% with semi-annual coupon (interest) payments. If current bonds are yielding 10.25%, what is the value of this bond. 9,559,220.169,565,890.169,569,220.339,572,332.18

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