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Macadoo Corp. has an 8.25% semiannual pay coupon bond outstanding that matures in fifteen years. If the required rate of return is 6.5%, what is

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Macadoo Corp. has an 8.25% semiannual pay coupon bond outstanding that matures in fifteen years. If the required rate of return is 6.5%, what is the market value of the bond? Assume $1,000 par value. Select one: a. $1,000.00 b. $1,220.50 c. $1,166.09 d. $808.52

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