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Bond valuation-Quarterly interest Calculate the value of a $5,000-par-value bond paying quarterly interest at an annual coupon interest rate of 8% and having 9 years

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Bond valuation-Quarterly interest Calculate the value of a $5,000-par-value bond paying quarterly interest at an annual coupon interest rate of 8% and having 9 years until matunty if the required return on similar-risk bonds is curtently a 13% annual rate paid quarterly The present value of the bond is 5 (Round to the nearest cent)

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