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Bond valuation long dashSemiannual interestFind the value of a bond maturing in 11 years, with a $1,000 par value and a coupon interest rate of

Bond valuation long dashSemiannual interestFind the value of a bond maturing in 11 years, with a $1,000 par value and a coupon interest rate of 11% (5.5% paid semiannually) if the required return on similar-risk bonds is 14% annual interest left parenthesis 7 % paid semiannually). The present value of the bond is $ .

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