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Pb-2b (similar to) Question Help Bond valuation-Quarterly interest Calculate the value of a $500-par-value bond paying quarterly interest at an annual coupon interest rate of

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Pb-2b (similar to) Question Help Bond valuation-Quarterly interest Calculate the value of a $500-par-value bond paying quarterly interest at an annual coupon interest rate of 9% and having 12 years until maturity if the required return on similar-risk bonds is currently a 15% annual rate paid quarterly The present value of the bond is 8. (Round to the nearest cent)

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