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Assume a $1,000 face value bond has a coupon rate of 7.3 percent paid semiannually and has an eight-year life. a (a) If investors are
Assume a $1,000 face value bond has a coupon rate of 7.3 percent paid semiannually and has an eight-year life. a (a) If investors are willing to accepta 10.9 percent rate of return on bonds of similar quality, what is the present value or worth of this bond? (Round final answer to nearest dollar amount.) Present value $
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