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(Bond valuation)Calculate the value of a bond that matures in 12 years and has a $1000.00 par value. The annual coupon interest rate is 16
(Bond valuation)Calculate the value of a bond that matures in 12 years and has a $1000.00 par value. The annual coupon interest rate is 16 percent and the market's required yield to maturity on a comparable-risk bond is 11 percent
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