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A bond of Telink Corporation pays ?$110 in annual? interest, with a ?$1,000 par value. The bonds mature in 20 years. The? market's required yield to maturity on a? comparable-risk bond is 9 percent. a. Calculate the value of the bond. b. How does the value change if the? market's required yield to maturity on a? comparable-risk bond? (i) decreases to 6 ?percent?

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