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Bavarian Sausage just issued a 8-year 10% coupon bond. The face value of the bond is $1,000 and the bond makes semiannual coupon payments. If

Bavarian Sausage just issued a 8-year 10% coupon bond. The face value of the bond is $1,000 and the bond makes semiannual coupon payments. If the required return (yield to maturity) on the bond is 7%, what is the bond's price? Your

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