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Q1 We might wish to determine the value of a $1.000- par-value bond with a 10 percent coupon and nine years to maturity. The coupon

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Q1 We might wish to determine the value of a $1.000- par-value bond with a 10 percent coupon and nine years to maturity. The coupon rate corresponds to interest payments of $100 a year. If our required rate of return on the bond is 12 percent, then what is the value of this bond

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