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(Bond valuation)You are examining three bonds with a par value of$1,000(youreceive$1,000atmaturity)and are concerned with what would happen to their market value if interest rates(orthe market discountrate)changed. The three bonds are

Bond Aa bond with3years left to maturity that has an annual coupon interest rate of10percent,but the interest is paid semiannually.

a.If the market discount rate were4percent per year compoundedsemiannually,the value of Bond A is$________(Roundto the nearestcent.)