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How much would pay for one of the bonds

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Problem 1: Rascal Corporation bonds have a 10.60% coupon and a maturity value of $1,000. The bonds, which pay interest semi-annually, will mature in 15 years. If you require a pre-tax return of 9.5% on bonds of this risk, how much would you pay for one of these bonds after 4 years?

Reference no: EM132959158

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