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Assume a $1,000 face value bond has a coupon rate of 7.6 percent paid semiannually and has an eight year life. If the investors are

Assume a $1,000 face value bond has a coupon rate of 7.6 percent paid semiannually and has an eight year life. If the investors are willing to accept a 10.0 percent rate of return on bonds of similar quality, what is the present value of worth of this bond?

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