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Assume the following information for an existing bond that provides annual coupon payments: Par value =...

Assume the following information for an existing bond that provides annual coupon payments: Par value = $1,000 Coupon rate = 11% Maturity = 4 years Required rate of return by investors = 14% If the required rate of return by investors were 11 percent, what would be the present value of the bond? Please explain

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