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Bond valuationlong dashSemiannual interestFind the value of a bond maturing in 66 years, with a $1 comma 0001,000 par value and a coupon interest rate

Bond valuationlong dashSemiannual interestFind the value of a bond maturing in 66 years, with a $1 comma 0001,000 par value and a coupon interest rate of 1111% (5.55.5% paid semiannually) if the required return on similar-risk bonds is 14% annual interest left parenthesis 7 %(7% paid semiannually). The present value of the bond is $ nothing. (Round to the nearest cent.)

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