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ABC Coprration has a bond issue outstanding with fifteen years to maturity and a coupon rate of 8%, with interest paid semiannually. As a result

"ABC" Coprration has a bond issue outstanding with fifteen years to maturity and a coupon rate of 8%, with interest paid semiannually. As a result of the numerous lawsuits that are related to lethal wastes, the company has undergone a market reevaluation In response to the revaluation, the required nominal rate on this debt has now risen by an additional 8%. What is the current value of this bond

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