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A bond issued 10 years ago has a coupon rate of 8 and a

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Reference no: EM13570285

A bond issued 10 years ago has a coupon rate of 8% and a face value of $1,000. The bond will mature in 15 years. What is the value to an investor with a required return of 12.5%?

A. $800

B. $750.86

C. $658.94

D. $701.52

Reference no: EM13570285

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