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QUESTION 5 What is the current price of a $1,000 par value bond maturing in 20 years with a coupon rate of 8%, paid annually,

QUESTION 5 What is the current price of a $1,000 par value bond maturing in 20 years with a coupon rate of 8%, paid annually, that has a required return of 12%? Answer format should include dollar sign and 2 decimal places

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