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Company B issued $10,000 par value bonds with a 10% coupon rate. The coupon interest is paid semi-annually and has 15 years remaining to its

"Company B issued $10,000 par value bonds with a 10% coupon rate. The coupon interest is paid semi-annually and has 15 years remaining to its maturity date. If the required return is 9 percent, the most you are willing to pay for the bond is ________."

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