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A corporate bond has 19 years to maturity, a face value of $1,000, a coupon rate of 5.3% and pays interest twice a year. The

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A corporate bond has 19 years to maturity, a face value of $1,000, a coupon rate of 5.3% and pays interest twice a year. The annual market interest rate for similar bonds is 3%. Part 1 Attempt 1/10 for 10 pts. What is the value of the bond (in $ )

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