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Find the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 10% (5% paid semi-annually)

Find the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 10% (5% paid semi-annually) if the required return on similar-risk bonds is 14% annual interest (7% paid semi-annually)

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