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A 14% bond matures in 14 years. Assuming the coupon is paid semiannually and the par value is $1,000, what is the value of this
A 14% bond matures in 14 years. Assuming the coupon is paid semiannually and the par value is $1,000, what is the value of this bond to an investor requiring a 15% rate of return? A) $828.27 B) $972.66 C) $942.13 D) $826.40
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