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5 years ago, Microsoft issued a bond with a maturity of 17 years and it offers 14% coupon rate. This bond makes semi-annual coupon payments.

5 years ago, Microsoft issued a bond with a maturity of 17 years and it offers 14% coupon rate. This bond makes semi-annual coupon payments. Carrent market rates offer 9% coupon rate What is the value of this bond today?

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