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X Company has outstanding bonds with a coupon rate of 7.5% and semi-annual payments. The bonds are redeemable at their face value of $1000 on
X Company has outstanding bonds with a coupon rate of 7.5% and semi-annual payments. The bonds are redeemable at their face value of $1000 on December 30, 2035. If Julius can earn 7.25% on comparable investments and settle the transaction on March 15, 2025, how much should he be willing to pay for the bond?
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