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Assume a $1,000 face value bond has a coupon rate of 7.0 percent paid semiannually and has an eight-year life. What is the value of
Assume a $1,000 face value bond has a coupon rate of 7.0 percent paid semiannually and has an eight-year life. What is the value of the bond if investors wanted an 6.5-percent rate of return?
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