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Your company has a bond outstanding that has a $1,000 par value and an 8% coupon rate, paid semiannually. If the bond matures in 16
Your company has a bond outstanding that has a $1,000 par value and an 8% coupon rate, paid semiannually. If the bond matures in 16 years, and has a yield to maturity of 10%, how much would you pay for the bond today?
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