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1. Eight years ago, the City of Maryville, PA., sold at par a $1,000 bond with a coupon rate of 8 percent and 20 years
1. Eight years ago, the City of Maryville, PA., sold at par a $1,000 bond with a coupon rate of 8 percent and 20 years to maturity. If this bond pays interest semiannually, what is the value of this bond to an investor who requires an 13.18 percent rate of return? (Points : 3) ( ) $607.72 ( ) $692.00 ( ) $1,000 ( ) $1,080
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