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What is the value of a General Motors Company's bond that has a 13.25 percent coupon, pays interest semiannually, and has 15 years to maturity,

What is the value of a General Motors Company's bond that has a 13.25 percent coupon, pays interest semiannually, and has 15 years to maturity, if the required rate of return is 12 percent? $1,017.00 $1,086.03 $1,874.07 $937.03

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