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William Orange Company bonds have a 14% coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 10

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William Orange Company bonds have a 14% coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 10 years from now. Compute the value of Orange bonds if investors' required rate of return is 13% Select one: a $1.114.70 b. $894.06 c. $1,000 d. $1,179.26 e. $1,055.09

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