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    value of a bond

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    Calculate the value of a $1,000 bond which has 10% until maturity and pays quarterly interest at an annual coupon rate of 12%. The required return on similar-risk bonds is 20%.

    A. $845.66

    B $2,201.08

    C $835.45

    D $656.77

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    Solution Summary

    The value of a bond is assessed.