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Business, 30.03.2021 02:20 talanna394

QUESTION 1 You are considering the purchase of a $1,000 face value bond issued by ABC company. The bond

pays 9 percent coupon interest per year, with the coupon paid annually. The bond matures in 3 years.

If the required rate of return (rp) on this bond is 4 percent. What is the cuurent value of the bond (Vb)? (Round your answer to 2 decimal places)

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