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Company XYZ has a bond issue outstanding with nine years to maturity and a coupon rate of 11 percent, with interest being paid semiannually. The

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Company XYZ has a bond issue outstanding with nine years to maturity and a coupon rate of 11 percent, with interest being paid semiannually. The required rate of return on this debt is 6.878%, what is the current value of this bond? Select one: a. $1,273 b. $450 c. $1,121 d. $1,783 e. $550

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