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Bond valuationSemiannual interest Find the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 10%

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Bond valuationSemiannual interest Find the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 10% (5% paid semiannually) if the required return on similar-ris bonds is 14% annual interest (7% paid semiannually). The present value of the bond is $. (Round to the nearest cent.)

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