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Tom Cruise Lines Incorporated issued bonds five years ago at $ 1 , 0 0 0 per bond. These bonds had a 2 5 -
Tom Cruise Lines Incorporated issued bonds five years ago at $ per bond. These bonds had a year life when issued and the annual interest payment was then percent. This return was in line with the required returns by bondholders at that point as described below:
tableReal rate of return,
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