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Buner Corp.'s outstanding bond has the following characteristics: Years to maturity: 6.0 Coupon rate of interest: 8.0% Face value: $1,000 If investors require a rate

Buner Corp.'s outstanding bond has the following characteristics:

Years to maturity: 6.0

Coupon rate of interest: 8.0%

Face value: $1,000

If investors require a rate of return equal to 12% on similar risk bonds andinterest is paid semiannually,what should be the market price of Burner's bond?

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