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4. To expand its business, the BBQ factory would like to issue a bond with par value of $1,000, coupon rate of 8 percent, and
4. To expand its business, the BBQ factory would like to issue a bond with par value of $1,000, coupon rate of 8 percent, and maturity of 12 years from now. What is the value of the bond if the required rate of return is (a) 6 percent (b) 8 percent. (c) 14 percent (6 Marks)
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