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Find the value of a bond maturing in 11 ?years, with a ?$1,000 par value and...

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Finance

Find the value of a bond maturing in 11 ?years, with a ?$1,000par value and a coupon interest rate of 12?% (6?% paid?semiannually) if the required return on? similar-risk bonds is 17?%annual interest (8.5% paid? semiannually).

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Find the value of a bond maturing in 11 ?years, with a ?$1,000par value and a coupon interest rate of 12?% (6?% paid?semiannually) if the required return on? similar-risk bonds is 17?%annual interest (8.5% paid? semiannually).

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