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Consider a bond with semi-annual coupon rate (cr) of 9 percent. The par value is $1,000, and the bond has 8 years to maturity. The

Consider a bond with semi-annual coupon rate (cr) of 9 percent. The par value is $1,000, and the bond has 8 years to maturity. The current market discount rate is 10%. What is the value of the bond

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