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A bond with 15 years to maturity pays 11% on a par value of $1,000. If similar bonds are currently yielding 8%, what is the

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A bond with 15 years to maturity pays 11% on a par value of $1,000. If similar bonds are currently yielding 8%, what is the market value of the bond today? Note: your answer might vary slightly depending on method of calculation (Excel VS TVM tables)

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