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Century Builders, a home building company in Houston, sold a 30-year bond in 2005 which matures in 2035. The band offers 79% coupon interest. Based

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Century Builders, a home building company in Houston, sold a 30-year bond in 2005 which matures in 2035. The band offers 79% coupon interest. Based on the risk of the company investors require 9%; return on the bond Compute the value of the bond on January 2021 assuming face value of $1,000. (8 pts)

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