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1)Chipset Technologies is looking to issue $1000 par value, 7% annual coupon rate, 12 year maturity public bonds for the first time. These bonds have
1)Chipset Technologies is looking to issue $1000 par value, 7% annual coupon rate, 12 year maturity public bonds for the first time. These bonds have been estimated to have the same maturity and riskiness as the currently outstanding bonds of H3 technologies. The H3 bonds are set to yield at a nominal return of 9% Compounded semi-annually. What price would Chipset expect to receive for their bonds?
preference: i need more work shown instead of formulas only listed please
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