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14. What is the value of a bond that matures in 10 years, makes an annual coupon payment of S40, and has a par value
14. What is the value of a bond that matures in 10 years, makes an annual coupon payment of S40, and has a par value of $1,000, assume a required rate of return of 10%, and round your answer to the nearest $10? a) S410 b) S490 c) $600 d) $630
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