4. A nine-year REl corporate bond has a 7% coupon rate. What is the current...
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4. A nine-year REl corporate bond has a 7% coupon rate. What is the current market price of the bond if the expected return is 6.9% and the required rate of return is 6% and the bond pays interest semiannually? Round to three decimal places and omit the dollar sign ($) .
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