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DIAT Chrysler Automobiles has a $1,000 par value bond outstanding with a coupon rate of 11% and 12 years left to maturity. The bond makes

DIAT Chrysler Automobiles has a $1,000 par value bond outstanding with a coupon rate of 11% and 12 years left to maturity. The bond makes annual coupon payments. If required return is 10%, what is the value of the bond?

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