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H&H Computer Company has an outstanding issue of bond with a par value of $1,000, paying 12 percent coupon rate annually. The bond has 5

H&H Computer Company has an outstanding issue of bond with a par value of $1,000, paying 12 percent coupon rate annually. The bond has 5 years to maturity. What is the value of the bond assuming 14 percent rate of interest?*

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