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Yantai Food, Inc has issued a bond with par value of $1, 000, a coupon rate of 9 percent that is paid semi-annually, and that

Yantai Food, Inc has issued a bond with par value of $1, 000, a coupon rate of 9 percent that is paid semi-annually, and that matures in 10 years. What is the value of the bond if the required rate of return is 12 percent

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