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A company wishes to obtain a financing amount by issuing bonds with a nominal value of 1000 OMR, a nominal interest rate of 8% and

A company wishes to obtain a financing amount by issuing bonds with a nominal value of 1000 OMR, a nominal interest rate of 8% and a maturity date after 7 years. If the market interest rate is 9%, what is the current value of this bond?

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