=+LG 6 P624 Bond valuation: Semiannual interest Heather has just bought a bond that will mature in

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=+LG 6 P6–24 Bond valuation: Semiannual interest Heather has just bought a bond that will mature in 5 years for £300, with a £320 par value and a coupon rate of 10% paid semiannually. What should the value of this bond be if the required return on similar-risk bonds is 12% per year (6% paid semiannually)?

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