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Bond valuation long dash Semiannual interestFind the value of a bond maturing in 12 years, with a $1 comma 000 par value and a coupon

Bond valuation long dash Semiannual interestFind the value of a bond maturing in 12 years, with a $1 comma 000 par value and a coupon interest rate of 9% (4.5% paid semiannually) if the required return on similar-risk bonds is 14% annual interest left parenthesis 7 % paid semiannually).

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