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Bond Valuation-SemiAnual interest (round to the nearest cent Aka. 2 decimal places) Bond valuationSemiannual interest Find the value of a bond maturing in 6 years,

Bond Valuation-SemiAnual interest (round to the nearest cent Aka. 2 decimal places)
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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 9% (4.5% paid semiannually) if the required return on similar-risk bonds is 14% annual interest (7% paid semiannually) The present value of the bond is (Round to the nearest cont.)

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