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The Stellar Corporation issued a $1,000, 6.50% bond that matures on January 15, 2043 and pays interest every six months. Find the value of the
The Stellar Corporation issued a $1,000, 6.50% bond that matures on January 15, 2043 and pays interest every six months. Find the value of the bond on July 15, 2020 if the yield rate is 8.25% converted semiannually and assume it is called at 105 on January 15, 2026.
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