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Company PQR bonds have the following terms: they mature in 8 years; they pay semiannual interest of $ 4 5 ; their par value is

Company PQR bonds have the following terms: they mature in 8 years; they pay semiannual interest of $45; their par value is $1,000. If the (annual) market rate of interest on similar bonds is 3.5% what is the market value of Company PQR bonds? (round to the nearest dollar)
$1,121
$1,381
$931
$1,200
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