Elvonn inc a decorative firsm issued a 1000 bond with a, Financial Management

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Elvonn inc a decorative firsm issued a 1000 bond with a

ElVonn, Inc., a decorative firsm issued a $1,000 bond with a coupon rate of 8 percent and 20 years to maturity five years ago. If this bond pays interest semiannually, what is the value of this bond (today) to an investor who requires an 8 percent rate of return?

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