Question: Problem 11: Micron issues a 9% coupon bond with a maturity of 5 years and monthly interest payments. The face value of the bond, payable

Problem 11: Micron issues a 9% coupon bond with a maturity of 5 years and monthly interest payments. The face value of the bond, payable at maturity, is $1000. What is the value of this bond if your required rate of return is 12%

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