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Question 73 points) A firm has outstanding a $1.000 par-value bond with an 8% annual coupon rate. The bond has 12 years remaining to maturity

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Question 73 points) A firm has outstanding a $1.000 par-value bond with an 8% annual coupon rate. The bond has 12 years remaining to maturity and the interest is paid annually. The bond's yield to maturity is 10%. What is the value of the bond? (Hint: The formula and example to calculate the value of the bond can be found at "Chapter 6 Bond Valuation by Formula. Excel syntax, and Financial/Graphing Calculator" PDF file. posted on Schoology.) a O $1,000 5545 $1.151 $854

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