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What is the value of a bond that has a par value of 1000, a coupon rate of 10.83 percent (paid annually), and that matures
What is the value of a bond that has a par value of 1000, a coupon rate of 10.83 percent (paid annually), and that matures in 21 years? Assume a required rate of the return on this bond is 8.30 percent.
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