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The Robinson Corporation has $29 million of bonds outstandingthat were issued at a coupon rate of 11.150 percent seven yearsago. Interest rates have fallen to

The Robinson Corporation has $29 million of bonds outstandingthat were issued at a coupon rate of 11.150 percent seven yearsago. Interest rates have fallen to 10.650 percent. Mr. Brooks, theVice-Pr 2 answers

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