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Bond valuation - Quarterly interest Calculate the value of a $ 5 0 0 par - value bond paying quarterly interest at an annual coupon

Bond valuation

-

Quarterly interest

Calculate the value of a

500

par

-

value bond paying quarterly interest at an annual coupon interest rate of

8 %

and having

14

and having

11 %

annual rate. The present value of the bond is

. . . ?

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