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Golden Sphere Corporation has a $ 1 0 0 0 0 par value bond with a 4 % coupon rate. The bond matures in 1

Golden Sphere Corporation has a $

10 000

par value bond with a

4 %

coupon rate. The bond matures in

10

years. Suppose coupons are paidannually. The required return of the bond is

6 % . (

)

Compute the value of the bond.

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