Calculate the value of a $5,000-par-value bond paying quarterly interest at an annual coupon interest...
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Finance
Calculate the value of a $5,000-par-value bond paying quarterly interest at an annual coupon interest rate of 12% and having 13 years until maturity if the required return on similar-risk bonds is currently a 13% annual rate paid quarterly.
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Part 1
The present value of the bond is. $enter your response here.
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