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Westco Company issued 14-year bonds a year ago at a coupon rateof 8.6 percent. The bonds make semiannual payments and have a parvalue of $1,000.

Westco Company issued 14-year bonds a year ago at a coupon rateof 8.6 percent. The bonds make semiannual payments and have a parvalue of $1,000. If the YTM on these bonds is 6.9 percent, what isthe 2 answers

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