Question: 7-1A. (Bond valuation) Calculate the value of a bond that matures in 12 years and has a $1,000 face value. The coupon interest rate is

7-1A. (Bond valuation) Calculate the value of a bond that matures in 12 years and has a $1,000 face value. The coupon interest rate is 8 percent and the investor's required rate of return is 12 percent.

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