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Wilhite Co. has issued 11% bonds with 20 years to maturity. The YTM on bonds similar to that of Wilhite Co. is 13%. Would you

Wilhite Co. has issued 11% bonds with 20 years to maturity. The YTM on bonds similar to that of Wilhite Co. is 13%. Would you be willing to pay $900 for a Wilhite bond? Explain

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