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Your company is considering selling some bonds. Each bond would have a par value of $10,000, a 6% coupon paid semi-annually and 20 years to

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Your company is considering selling some bonds. Each bond would have a par value of $10,000, a 6% coupon paid semi-annually and 20 years to maturity. If similarly-risky bonds are yielding 4%, how much should you expect your bonds to sell for

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