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Bond valuationQuarterly interest: Calculate the value of a $500-par-value bond paying quarterly interest at an annual coupon interest rate of 11% and having 7 years
Bond valuationQuarterly interest: Calculate the value of a $500-par-value bond paying quarterly interest at an annual coupon interest rate of 11% and having 7 years until maturity if the required return on similar-risk bonds is currently a 12% annual rate paid quarterly
Please solve with excel(Round to the nearest cent).
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