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b) Four and a half years ago, the city of Baltimore sold at par a $1,000 bond with a coupon rate of 9 percent and

b) Four and a half years ago, the city of Baltimore sold at par a $1,000 bond with a coupon rate of 9 percent and 18 years to maturity. If this bond pays interest semiannually, what is the value of this bond to an investor who requires an 10 percent rate of return. please show step by step calculations

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