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P6-16 (similar to) Question Help Bond valuation Annual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually.

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P6-16 (similar to) Question Help Bond valuation Annual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Par value $1,000 Coupon interest rate Years to maturity Required return 12% 14 14% The value of the bond is $ (Round to the nearest cent.)

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