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Business, 18.03.2020 18:47 Rflaig1129841

LLY Corporation is planning to issue a $1,000 face value bond with a maturity of 30 years. The annual coupon rate is expected to be 7.25% and interest payments are expected to be paid semi-annually. If the market is requiring a return of 10% annually on similar bonds, then what should LLY expect to receive for each bond they issue? Round to the nearest cent. Do not a dollar sign in your answer. (i. e. If your answer is $432.51, then type 432.51 without $ sign)

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LLY Corporation is planning to issue a $1,000 face value bond with a maturity of 30 years. The annua...
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