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Industries has outstanding a $1.000 par- value bond with an 8% coupon interest rate. The bond has 12 years remaining to its maturity date. If

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Industries has outstanding a $1.000 par- value bond with an 8% coupon interest rate. The bond has 12 years remaining to its maturity date. If interest is paid annually. find the value of the bond when the required retum is 7%. le s $14,660 89 2. Y

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