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Annual interest Calculate the value of each of the bonds shown in the following table, all of which pay interest annually. Bond Par value Coupon

Annual interest Calculate the value of each of the bonds shown in the following table, all of which pay interest annually.

Bond Par value Coupon interest rate Years to maturity Required return

A $1,000 14% 20 12%

B 1,000 8 16 8

C 100 10 8 13

D 500 16 13 18

E 1,000 12 10 10

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