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need help in details 1. BOND VALUATION A 5-year bond pays interest annually. Its par value is $1,000 and its coupon rate equals 7%. If

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1. BOND VALUATION A 5-year bond pays interest annually. Its par value is $1,000 and its coupon rate equals 7%. If the market's required return on the bond is 8 per cent, what is the bond's market price

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