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8. What is the value of a $1,000 par value 9 percent Marriott Corporation bond for each of the following required rates of return, assuming

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8. What is the value of a $1,000 par value 9 percent Marriott Corporation bond for each of the following required rates of return, assuming the in- vestor will hold the bond to maturity? Assume the coupon is paid semian- nually (every six months) and the bond matures in 3 years. a. 7% b. 12%

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