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Neptune Corporation's bond has a 10% coupon rate, pays interest semiannually, and matures in 15 years. If the investors' annual required rate of retum is

Neptune Corporation's bond has a 10% coupon rate, pays interest semiannually, and matures in 15 years. If the investors' annual required rate of retum is 12%, the value of the bond is: $862 $1.231 O $1.220 $903 $1,000

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