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Question 4: Bond Pricing Problem (1 part, 10 points) 4. Alpha Beta Corp. has a bond issue outstanding a 5% coupon, semiannual payments, and 3

Question 4: Bond Pricing Problem (1 part, 10 points)

4. Alpha Beta Corp. has a bond issue outstanding a 5% coupon, semiannual payments, and 3 years remaining until maturity. The par value of the bond is $1,000. Determine the current value of the bond if present market conditions justify a 12% required rate of return. (Show all work.)

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