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P6-16 Bond valuation: Annual interest Calculate the value of each of the bonds shown the following table, all of which pay interest annually. Bond Years

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P6-16 Bond valuation: Annual interest Calculate the value of each of the bonds shown the following table, all of which pay interest annually. Bond Years to maturity Par value Required return Coupon interest rate $1,000 12% 14% 20 1,000 8 8 16 100 10 8 13 D 500 16 13 18 1,000 12 10 10 ABCA E

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