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Bond Valuation (Semiannual Interest) Sam warns lo purchase a bond that has a par value of $1,000, an annual coupon rate of 7 percent, and

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Bond Valuation (Semiannual Interest) Sam warns lo purchase a bond that has a par value of $1,000, an annual coupon rate of 7 percent, and a maturity of 10 years. The bond's interest is paid semiannually. Sam's annual required rate of return is 11 percent. What should Sam be willing to pay for this particular bond

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