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Bond v aluation long dash Semiannual interest. Find the value of a bond maturing in 6 years, with $1,000 par value and a coupon interest

Bond valuation long dashSemiannual interest. Find the value of a bond maturing in 6 years, with $1,000 par value and a coupon interest rate of 14% (7% paid semiannually) if the required return on similar-risk bonds is 15% annual interest (7.5% paid semiannually).

The present value of the bond is $_______________ (Round to the nearest cent.)

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