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Question 4 O out of 2 points McLaughlin Enterprises has an outstanding $1,000 par value bond with a 10% coupon that pays at the end

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Question 4 O out of 2 points McLaughlin Enterprises has an outstanding $1,000 par value bond with a 10% coupon that pays at the end of each year. The bond matures in eight years. Bonds of similar risk have a required return of 11%. What is the market value of the McLaughlin bond? Selected Answer: $890.00

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