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14. Abbot Enterprises issued a bond having a par value of $1,000, a 10-year life and a 9% coupon rate. If interest is paid quarterly

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14. Abbot Enterprises issued a bond having a par value of $1,000, a 10-year life and a 9% coupon rate. If interest is paid quarterly and the discount rate is 10%, what is the value of the bond? a. $879.61 c. $1,054.23 b. $937.24 d. $1,123.54

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