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Find the value of a bond maturing in 9 years, with a $1,000 par value and a coupon interest rate of 13% (6.5% paid semiannually)
Find the value of a bond maturing in 9 years, with a $1,000 par value and a coupon interest rate of 13% (6.5% paid semiannually) if the required return on similar-risk bonds is 13% annual interest (6.5% paid semiannually).
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