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Bond valuationSemiannual interest Find the value of a bond maturing in 10 years, with a $1,000 par value and a coupon interest rate of 12%

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Bond valuationSemiannual interest Find the value of a bond maturing in 10 years, with a $1,000 par value and a coupon interest rate of 12% (6% paid semiannually) if the required return on similar-risk bonds is 14% annual interest (7% paid semiannually)

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