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1. Bond X has a 1,000 face value and provides a 10% annual coupon for 5 years. The appropriate discount rate is 12% (annual rate).

1. Bond X has a 1,000 face value and provides a 10% annual coupon for 5 years. The appropriate discount rate is 12% (annual rate). The bond pays interest semi-annually. What is the value of the bond??...

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