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A bond has a par value of $1000 and a coupon rate of 9.5%. The bond matures in 7 years. What is the value of

A bond has a par value of $1000 and a coupon rate of 9.5%. The bond matures in 7 years. What is the value of the bond if similar bonds yield 4%?

This bond makes semiannual payments. Can you show how to input it in a financial calculator.

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