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Thirty-year B-rated bonds of Parker Optical Company wereinitially issued at a 14 percent yield and 12 percent coupon. After12 years the bonds have been upgraded

Thirty-year B-rated bonds of Parker Optical Company wereinitially issued at a 14 percent yield and 12 percent coupon. After12 years the bonds have been upgraded to Aa2. Such bonds arecurrently yiel 0 answers

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