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(Traditional bond) The Chevron Corporation has outstanding an issue of $1,000 face value, 8 1/2% coupon bonds that mature in 15 years. Calculate the value
(Traditional bond) The Chevron Corporation has outstanding an issue of $1,000 face value, 8 1/2% coupon bonds that mature in 15 years. Calculate the value of one bond to an investor who requires a rate of return of: a. 7% b. 8.5% c. 10% d. 11.5%
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