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Bond valuation Annual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon located

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Bond valuation Annual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Par value $100 Coupon interest rate Years to maturity 8% 15 Required return 14% The value of the bond is $ . (Round to the nearest cent.)

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