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b Financ enu ments ework Oula/Test Bond valuation Quarterly interest Calculate the value of a $500-par-value bond paying quarterly interest at an annual coupon interest

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b Financ enu ments ework Oula/Test Bond valuation Quarterly interest Calculate the value of a $500-par-value bond paying quarterly interest at an annual coupon interest rate of 11% and having 12 years until maturity if the required return on similar risk bonds is currently a 15% annual rate paid quarterly CU The present value of the bond is 5 (Round to the nearest cent) Help

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