Otter Creek & Co. owns vast amounts of corporate bonds. Suppose Otter Creek buys $...

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Otter Creek & Co. owns vast amounts of corporate bonds. Suppose Otter Creek buys $ 1,200,000 of MesoCorp bonds at face value on January2,2024. The MesoCorp bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December31,2043. Otter Creek intends to hold the investment until maturity.

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