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(4) A bond with seven years left to maturity has a coupon rate of 8% payable semiannually, and a face value of $1,000. How much

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(4) A bond with seven years left to maturity has a coupon rate of 8% payable semiannually, and a face value of $1,000. How much will you be willing to pay for the bond if your required rate of return is 10%? (15 Points)

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