question archive 7) A firm has issued a 9%, 7-year, S 1,000 par-value bond on which interest is paid annually
7) A firm has issued a 9%, 7-year, S 1,000 par-value bond on which interest is paid annually
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7) A firm has issued a 9%, 7-year, S 1,000 par-value bond on which interest is paid annually. If the market required rate of return is 12%, what is the bon value? (2 points)
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