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BE SURE TO SAVE YOUR ANSWERS FREQUENTLY. Lemont Lighting, Inc. issued $600 million worth of...

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BE SURE TO SAVE YOUR ANSWERS FREQUENTLY. Lemont Lighting, Inc. issued $600 million worth of 20-year bonds three years ago. Each bond has a $1,000 par value (it sold initially for $1,000 and will return $1,000 at maturity) and a 7.2% annual coupon interest rate, but with interest paid every six months - so be sure to compute semiannually, and compute with enough decimal places to assure accuracy of investors' expected yield to maturity (which we treat as an effective annual rate, or EAR measure) is 7.3296%. then at what price would we expect each of these semiannual-interest-payment bonds to sell today? Un subsequent questions 7 and 8 you will compute a coupon bond's theoretical value based on different coupon rate, remaining life, and yield to maturity figures) A. $1,451,87 OB $987:52 C. 51.0000.00 D. 1983.91 E $1.699.55

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