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1 point Gecko incorporated bonds have a stated coupon rate of 7% and pay interest onan semi-annual basis. They mature in 6 years and have

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1 point Gecko incorporated bonds have a stated coupon rate of 7% and pay interest onan semi-annual basis. They mature in 6 years and have a par value of 51.000 The market rate of interest is 5%. What is the value of Gecko bonds? (round to the nearest dollar)

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