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Bond valuationSemiannual interestFind the value of a bond maturing in 9 years, with a $1000 par value and a coupon interest rate of 12% (6%

Bond valuationSemiannual interestFind the value of a bond maturing in 9 years, with a $1000 par value and a coupon interest rate of 12% (6% paid semiannually) if the required return on similar-risk bonds is 17% annual interest (8.5% paid semiannually).

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