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Fast and Loose Company has outstanding an 8 percent, four-year, $1,000-par-value bond on which interest is paid annually.If the market required rate of return is

"Fast and Loose Company has outstanding an 8 percent, four-year, $1,000-par-value bond on which interest is paid annually.If the market required rate of return is 8 percent, what is the market value of the bond?" 988 902 879.04 872

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