Question: B1. ABC Corp. has a bond issue outstanding with an annual coupon of 5% and 3 years remaining until maturity. The par value of the

B1. ABC Corp. has a bond issue outstanding with an annual coupon of 5% and 3 years remaining until maturity. The par value of the bond is $1000. Determine the current value of the bond if present market conditions justify a 2% required rate of return

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