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(Semi Annually) ZZQ Corporation has a bond issue outstanding with a coupon rate of 5.5 percent and seven years remaining until maturity. Determine the present

(Semi Annually)

ZZQ Corporation has a bond issue outstanding with a coupon rate of 5.5 percent and seven years remaining until maturity. Determine the present value of the bond if market conditions justify a 10 percent required rate of return.

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