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Exhibit 11-2 USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT PROBLEM(S)

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Exhibit 11-2
USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT PROBLEM(S)
XLR Corporation just issued a $1,000 par value bond with a 7% yield to maturity, twenty years to maturity, with an 8% semi-annual coupon rate.
-Refer to Exhibit 11-2. What is the price of the XLR Corporate bond?


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