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Bond valuation- Semiannual interest Find the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of

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Bond valuation- Semiannual interest Find the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 14% semiannually) if the required return on similar-risk bonds is 13% annual interest (6 5% paid semiannually) 7% paid The present value of the bond is (Round to the nearest cent)

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