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A company's bonds have a face value of $1,000. T he bonds carry a 7% coupon, pay interest semiannually, and mature in 12 years. What

A company's bonds have a face value of $1,000. T he bonds carry a 7% coupon, pay interest semiannually, and mature in 12 years. What is the current value of these bonds if the yield to maturity is 8.10%?

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