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Complex Systems has an outstanding issue of $1,000 par value bonds with a 12% coupon interest rate. The issue pays interest annually and has 16

Complex Systems has an outstanding issue of $1,000 par value bonds with a 12% coupon interest rate. The issue pays interest annually and has 16 years remaining to its maturity date. If bonds similar risk are currently earning a 10% rate of return how much should the Complex Systems bond sell for today?

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