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Bionca buys a 14-year bond with semiannual coupons of $27 each and a redemption value of $1310. She bought the bond to yield 6% compounded

Bionca buys a 14-year bond with semiannual coupons of $27 each and a redemption value of $1310. She bought the bond to yield 6% compounded semiannually. Determine the book value of this bond 8 years after issue of the bond.

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