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A. Allied Banks has outstanding a RS 1,000 par-value bond with a 7% coupon interest rate. The bond has 10 years remaining to its maturity

A. Allied Banks has outstanding a RS 1,000 par-value bond with a 7% coupon interest rate. The bond has 10 years remaining to its maturity date.a. If interest is paid annually, find the value of the bond when the required return is(1) 7%, (2) 5%, and (3) 10%. b. Indicate for each case in part a whether the bond is selling at a discount, at a premium, or at its par value.

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