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Calculate the value of a $1.000 bond which has 10 years until maturity and pays quarterly interest at an annual coupon rate of 12 percent.

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Calculate the value of a $1.000 bond which has 10 years until maturity and pays quarterly interest at an annual coupon rate of 12 percent. The required return on similar-risk bonds is 12 percent. (Show all calculations for full credit.) For the toolbar, press ALT F10 ( Por ALTOFN+F20 (Mac) R T

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