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Bond valuationSemiannual interestFind the value of a bond maturing in12 years, with a $1,000 par value and a coupon interest rate of 13% (6.5% paid

Bond valuationSemiannual interestFind the value of a bond maturing in12 years, with a $1,000 par value and a coupon interest rate of 13% (6.5% paid semiannually) if the required return on similar-risk bonds is 14% annual interest (7% paid semiannually).

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