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1. FBs outstanding bond has a $1,000 maturity value and a 4.5% coupon rate of interest (paid semiannually). The bond was issued five years ago,

1. FBs outstanding bond has a $1,000 maturity value and a 4.5% coupon rate of interest (paid semiannually). The bond was issued five years ago, matures in 10 years. If investors require a return equal to 6% to invest in similar bonds, what is the current market value of FBs bond? (PLEASE SHOW ALL STEPS THANK YOU)!

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