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You bought one of Rocky Mountain Manufacturing Co.s 8 percent coupon bonds one year ago for $1,032.15. These bonds make annual payments and mature nine
You bought one of Rocky Mountain Manufacturing Co.s 8 percent coupon bonds one year ago for $1,032.15. These bonds make annual payments and mature nine years from now. Suppose that you decide to sell your bonds today, when the required return on the bonds is 7.2 percent.
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