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Compute the market value of a bond given the following: face value = $1,000 annual payment = $97 years until maturity = 8 and the

Compute the market value of a bond given the following: face value = $1,000 annual payment = $97 years until maturity = 8 and the company has a cost of debt (Kd) = 8.1% (Round your answer to the nearest cent)

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