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An investor purchases a 7-year, $1,000 par value bond that pays semiannual interest of $14. If the semiannual market rate of interest is 8%, what

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An investor purchases a 7-year, $1,000 par value bond that pays semiannual interest of $14. If the semiannual market rate of interest is 8%, what is the current market value of the bond? (FV of $1,PV of $1, FVA of $1, PVA of $1,EVAD of $1 and PVAD of $1 ) (Use appropriate factor(s) from the tables provided.) Multiple Choice 1,115 1,000 456 485

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