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QUESTION 28 Apple corp. 's outstanding bond has the following characteristics: Years to maturity: 6 Coupon rate of interest: 8% Face value: $1,000 If investors

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QUESTION 28 Apple corp. 's outstanding bond has the following characteristics: Years to maturity: 6 Coupon rate of interest: 8% Face value: $1,000 If investors require a rute of return equal to 12 percent on similar risk bonds and interest is paid semiannually, what should be the market price of Apple's bond? TTT Arial 3 (126 T.EE i

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