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19.What is the value of an 8.5% semiannual-pay bond that has a $1,000 par value, matures 10 years from today and has a 7% required

19.What is the value of an 8.5% semiannual-pay bond that has a $1,000 par value, matures 10 years from today and has a 7% required rate of return?

Select one:

a. $604.03

b. $1,000.00

c. $1,062.37

d. $1,106.59

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