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Consider a bond with a Par Value of $1,000. It pays a coupon of 10% and the coupon is paid quarterly. It matures in 5

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Consider a bond with a Par Value of $1,000. It pays a coupon of 10% and the coupon is paid quarterly. It matures in 5 years. The market rate is 12%. Calculate the book value of the bond. $25,544.66 $1,000.00 $15,589.16 None of the answers are correct

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