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A Microgates Industries bond has a 11.5 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 20 years

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A Microgates Industries bond has a 11.5 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 20 years to maturity. If investors require a 15 effective rate, what's the bond's value? $727.56$724.70$1000 Not Available $779.60

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