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ABC Company has outstanding an 8 percent coupon, four-year, $1,000-par-value bond. If the market required rate of return is 13 percent, what is the market

ABC Company has outstanding an 8 percent coupon, four-year, $1,000-par-value bond. If the market required rate of return is 13 percent, what is the market value of the bond, If the coupon paid semiannually?

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