Bond valuation---Quarterly interest Calculate the value of a $500-par-value bond paying quarterly interest at an annual

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Bond valuation---Quarterly interest Calculate the value of a $500-par-value bond paying quarterly interest at an annual

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Bond valuation---Quarterly interest Calculate the value of a
$500-par-value bond paying quarterly interest at an annual coupon
interest rate of 13% and having 7 years until maturity if the
required return on similar-risk bonds is currently a 15% annual
rate paid quarterly
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