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Bond value You have just noticed in the financial pages of the local newspaper that you can buy a bond for 8 8 2 0

Bond value
You have just noticed in the financial pages of the local newspaper that you can buy a bond for 8820. If the coupon rate is 10 percent, with annual interest payments, and there are 12 years to maturity, should make you the purchase if your required return on investments of this type is 11.5 percent? Why or why not, provide calculations.
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