A corporate bond has 21 years to maturity, a face value of $1,000, a coupon...
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A corporate bond has 21 years to maturity, a face value of $1,000, a coupon rate of 5.4% and pays interest twice a year. The annual market interest rate for similar bonds is 3.1%. | Attempt 1/5 for 10 pts. Part 1 What is the value of the bond (in $)
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