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The photo film company's bonds have four-year years remaining to maturity. Interest is paid semi-annually, the bonds have a $1,000 par value, and the coupon
The photo film company's bonds have four-year years remaining to maturity. Interest is paid semi-annually, the bonds have a $1,000 par value, and the coupon interest rate is 8.75% would you pay $935 for one of these bonds if you thought that the market rate of interest was 9.5%
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