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Ben's Corporation's bonds have a 12-year maturity, a 8% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, based

Ben's Corporation's bonds have a 12-year maturity, a 8% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, based on semiannual compounding. What is the bond’s price?

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