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The XYZ Company has a bond issue outstanding with 15 years to maturity and a coupon rate of 8 percent, with interest being paid semiannually.

The XYZ Company has a bond issue outstanding with 15 years to maturity and a coupon rate of 8 percent, with interest being paid semiannually. The required rate of return on this debt is 16 percent. What is the current value of this bond? Select one: a. $550 b. $1,000 c. $450 d. $7,783 e. $1,273

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