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QUESTION
Zimmer Corp. bonds are rated BBB, pay coupon interest of $120 per year, and have 10 years to maturity. The face value of the bond is $1,000.
Zimmer Corp. bonds are rated BBB, pay coupon interest of $120 per year, and have 10 years to maturity. The face value of the bond is $1,000. If the yield for similar bonds is currently 12%, what is the bond's current market value (B0)?
