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Bond valuationAnnual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon located on

Bond valuationAnnual interest

Calculate the value of the bond shown in the following table, assuming it pays interest annually.

(Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)

Par value	Coupon interest rate	Years to maturity	Required return
$100	5%	17	13%

The value of the bond is

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