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The outstanding bonds of Light Fixtures Inc. have a coupon rateof 3.5 percent and make semiannual interest payments. The bonds aretrading for $790.56 with a

The outstanding bonds of Light Fixtures Inc. have a coupon rateof 3.5 percent and make semiannual interest payments. The bonds aretrading for $790.56 with a yield to maturity of 4.7 percent. ParVal 2 answers

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