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A bond will pay $10,000 at maturity in 12 years. It also makes semiannual interest payments of $350 until maturity. If the discount rate is

A bond will pay $10,000 at maturity in 12 years. It also makes semiannual interest payments of $350 until maturity. If the discount rate is 6% compounded of the bond semiannually, what should be the market price of the bond?

*Please show work and calculate using PVIF and PVIFA

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