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Thirty-year B-rated bonds of Parker Optical Company were initially issued at a 12 percent yield. After 5 years the bonds have been upgraded to Aa2. Such bonds are currently yielding 10 percent to maturity. Use Table 16-2.

Determine the price of the bonds with 25 years remaining to maturity.

Thirtyyear Brated Bonds Of Parker Optical Company Were Initially Issued At A 12 Percent Yield After 5 Years The Bonds Have Been Upgraded To Aa2 Such Bonds Are C class=

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