A bond with 8 years to maturity and a coupon rate of ​6% has a​ par, or​ face, value of ​$21,000. Interest is paid annua

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answerhappygod
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A bond with 8 years to maturity and a coupon rate of ​6% has a​ par, or​ face, value of ​$21,000. Interest is paid annua

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A bond with 8 years to maturity and a coupon rate of ​6% has a​
par, or​ face, value of ​$21,000. Interest is paid annually. If you
require a return of ​16% on this​ bond, what is the price of the​
bond?
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