text(Bond valuation) You own a bond that pays $1 00 in annual interest, with a $1 ,000 par value. tt matures in 15years. Your required rate of return is 1 1 percent. a. Calculate the value of the bond. b. How does the valuechange if your required rate of return (1) increases to 14 percent or (2) decreases to T percent? c…. Show more… Show moreBusiness Finance BUSINESS MCD2170
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