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30. A bond with 11 years to maturity and a coupon rate of 7% has a par, or face, value of $20,000. Interest is paid
30. A bond with 11 years to maturity and a coupon rate of 7% has a par, or face, value of $20,000. Interest is paid annually. If you require a return of 17% on this bond, what is the price of the bond? The value of the bond is $ (Round to the nearest cent.) 31. Bond valuation-Annual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Par value $1,000 Coupon interest rate Years to maturity 14% 16 Required return 8% The value the bond is $ (Round to the nearest cent.)
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