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Bond valuation long dash—Semiannual interest. Find the value of a bond maturing in 6 years, with $1,000 par value and a coupon interest rate of 14% (7?% paid? semiannually) if the required return on? similar-risk bonds is 15?% annual interest (7.5% paid? semiannually).

The present value of the bond is $_______________ (Round to the nearest? cent.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92805240

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