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DEF Corp. has issued a $1,000 par value, 10-year bond at a coupon rate of 10.86% to be paid semi-annually. The yield to maturities on

DEF Corp. has issued a $1,000 par value, 10-year bond at a coupon rate of 10.86% to be paid semi-annually. The yield to maturities on similar bonds are 9.37%, compounded semi-annually.

What is the semi-annual interest payment to this 10-year bond?

Please round your answer to the second decimal without dollar sign. E.g. 12.34

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