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Calculate the value of each of the bonds shown in the following table, all of which pay interest semiannually. Bond Par Value Coupon interest rate

Calculate the value of each of the bonds shown in the following table, all of which pay interest semiannually.

Bond Par Value Coupon interest rate Years to maturity Required stated annual return

A 1,000 9% 9 9% B 1,000 12 20 10 C 100 15 4 12

The value of bond A is $ . (Round to the nearest cent.)

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