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(Bond valuation relationships) A bond of Visador Corporation pays $80 in annual interest, with a $1.000 par value. The bonds mature in 19 years. The

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(Bond valuation relationships) A bond of Visador Corporation pays $80 in annual interest, with a $1.000 par value. The bonds mature in 19 years. The market's required yield to maturity on a comparable-risk bond is 9.5 percent. a. Calculate the value of the bond. b. How does the value change if the market's required yield to maturity on a comparable-risk bond (1) increases to 13 percent or (1) decreases to 6 percent? G. Interpret your finding in parts a and b. a. What is the value of the bond if the market's required yield to maturity on a comparable-risk bond is 9.5 percent? (Round to the nearest cont.)

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