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Bond valuation-~-Annual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon here @
Bond valuation-~-Annual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon here @ in order to copy the contents of the
data table below into a spreadsheet.)
Par value Coupon interest rate Years to maturity Required return
$500
14%
11%
The value of the bond is $
- Round to the nearest cent.)
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