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Big Manufacturer Corporation's bonds have a 10-year maturity, a 5.75% coupon rate with interest paid semiannually, and a par value of $1,000.The nominal required rate

Big Manufacturer Corporation's bonds have a 10-year maturity, a 5.75% coupon rate with interest paid semiannually, and a par value of $1,000.The nominal required rate of return on these bonds is 6.75%.What is the bond's intrinsic value?

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