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5) A 15 years bond with annual coupon rate equal to 10% (paid semiannually), if the par value of the bond is JD 10,000, and

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5) A 15 years bond with annual coupon rate equal to 10% (paid semiannually), if the par value of the bond is JD 10,000, and the required rate of return for similar risk level investments is 8%, and the bond is redeemable at JD face value, what is the market value of the bond after three years of issuance

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