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What is the value of a bond that matures in 5 years, has an annual coupon of 11% and a par value of $1,000? Assume

What is the value of a bond that matures in 5 years, has an annual coupon of 11% and a par value of $1,000? Assume a required rate of return of 8.69%.

		$1,876.99
		$1,891.36
		$938.50
		$1,090.58

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What is the value of a bond that matures in 5 years, has an annual coupon of 11% and a par value of $1,000? Assume a required rate of return of 8.69%. $1,876.99 $1,891.36 $938.50 $1,090.58

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