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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
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$100 15% 18 17%

The value of the bond is?

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