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1. Bond Valuation Assume the following informa- tion for an existing bond that provides annual coupon payments: Par value $1,000 Coupon rate = 11% Maturity

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1. Bond Valuation Assume the following informa- tion for an existing bond that provides annual coupon payments: Par value $1,000 Coupon rate = 11% Maturity = 4 years Required rate of return by investors 11% a. What is the present value of the bond

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