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Consider a 5-year 6.5%-coupon bond that pays a $1.000 par value at maturity. What is the present value of the bond if it pays semi-annual

Consider a 5-year 6.5%-coupon bond that pays a $1.000 par value at maturity. What is the present value of the bond if it pays semi-annual coupons? Assume the appropriate discount rate is 5 percent? $1,021 51.066 5896 5950

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