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Bond Valuation: Quarterly Interest Calculate the value of a $5000-par-value bond paying quarterly interest at an annual coupon interest rate of 10% and having 10

Bond Valuation: Quarterly Interest

Calculate the value of a $5000-par-value bond paying quarterly interest at an annual coupon interest rate of 10% and having 10 years until maturity if the required return on similar-risk bonds is currently a 12% annual rate paid quarterly. Please show work.

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