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A Company bonds pay semiannual interest of $32.50. They mature in 13 years and have a par value of $1,000. The annual market rate of

A Company bonds pay semiannual interest of $32.50. They mature in 13 years and have a par value of $1,000. The annual market rate of interest on similar bonds is 6.5%. The market value of the companys bonds is (round to the nearest dollar)

Group of answer choices

a.$718

b.$597

c.$1,000

d.$1,032

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