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43. Home and Hardware, Inc. recently issued a bond with a $2,000 par or face value. The bond has a five-year life and a coupon
43. Home and Hardware, Inc. recently issued a bond with a $2,000 par or face value. The bond has a five-year life and a coupon interest rate of 6%. Assume that the required return on the market for this bond is 8%. Given this information, calculate the market value of this bond today. The bond pays interest annually
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