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Company XYZ has issued a 5-year bond with a face value of $1,000, a coupon rate of 7%, and semi- annual interest payments. The

Company XYZ has issued a 5-year bond with a face value of $1,000, a coupon rate of 7%, and semi- annual interest payments. The current market interest rate is 5%, compounded semi-annually. find the bond price? show your calculation

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