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

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

Find: Coupon payment and present value

Bond Par value Coupon rate Years to maturity Required return
A $ 1,000 11% 20 12%
B 1,000 8 16 8
C 100 9 8 7
D 500 6 13 8
E 1,000 7 10 5

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