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Bond valuation long dash Quarterly interest Calculate the value of a $500500-par-value bond paying quarterly interest at an annual coupon interest rate of 1414% and

Bond

valuationlong dashQuarterly

interestCalculate the value of a

$500500-par-value

bond paying quarterly interest at an annual coupon interest rate of

1414%

and having

1414

years until maturity if the required return on similar-risk bonds is currently a

1111%

annual rate paid

quarterly.

The present value of the bond is

$nothing.

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