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( Bond Valuation) You own a 20-year, $1,000 par value bond paying 6 percent interest annually. The market price of the bond is $750, and

( Bond Valuation) You own a 20-year, $1,000 par value bond paying 6 percent interest annually. The market price of the bond is $750, and your required rate of return is 10 percent.

1) What is the value of the bond to you, given your 10 percent required rate of return?

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