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Company C has 100 bonds outstanding. The bonds are annual coupon bonds with a face...

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Finance

Company C has 100 bonds outstanding. The bonds are annual coupon bonds with a face value of $1000, a coupon rate of 4.6%, and 10 years until the bond matures. If the YTM of the bonds is 7.5%, what is the total market value of the bonds for Company C? Please show all your steps.

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