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bonds have a 7.50% coupon rate and a $1,000 par value. Interest is paid semi-annually. The bond has a maturity of 8 years. If the

bonds have a 7.50% coupon rate and a $1,000 par value. Interest is paid semi-annually. The bond has a maturity of 8 years. If the appropriate semi-annual discount rate is 3.30% on similar bonds, what is the value of these bonds?

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