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ABC corp. issued a $1000 PAR value bond with a coupon of 12%, payable semi-annually. The bond has 15 years remaining to maturity. If current

ABC corp. issued a $1000 PAR value bond with a coupon of 12%, payable semi-annually. The bond has 15 years remaining to maturity. If current market interest rates are 10%, what is the present value of the stream of coupon payments.

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