g A 15-year corporate bond has a par value of $10,000 and a 7% annual coupon rate. Assume that your required rate of return is 11% and that you plan to hold onto this bond for 10 years. You and the market have expectations that in 10 years the yield-to-maturity for this bond (or another bond with similar risk and maturity) will be 9%. How much are you willing to pay for this bond today?
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