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A corporate bond has 17 years to maturity, a face value of $1,000, a coupon rate of 4.8% and pays interest semiannually. The annual market

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A corporate bond has 17 years to maturity, a face value of $1,000, a coupon rate of 4.8% and pays interest semiannually. The annual market interest rate for similar bonds is 3.1%. Part 1 Attempt 1/1 What is the value of the bond

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