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QUESTION 1 You are considering the purchase of a $1,000 face value bond issued by ABC company. The bond pays 8 percent coupon interest per

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QUESTION 1 You are considering the purchase of a $1,000 face value bond issued by ABC company. The bond pays 8 percent coupon interest per year, with the coupon paid annually. The bond matures in 3 years. If the required rate of return (r) on this bond is 5 percent. What is the cuurent value of the bond (Vb)? (Round your answer to 2 decimal places) 1081.70 Click Save and Submit to save and submit. Click Save All Answers to save all answers, Save AR Answe

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