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(Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 17-year, $1,000 par value bonds of Waco Ind

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COUPON RATE 11.00% NPER = YEARS TO MATURITY 17 PMT = $110.00 (face value x coupon rate) FACE VALUE $1,000.00 PRICE = PV = $1,COUPON RATE 11.00% NPER 17 (years to maturity ) PMT 110 (face value x coupon rate) FACE VALUE $ 1,000.00 YIELD 8.00% b) PRICEShould purchase the bond as priced at lower price

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