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Given the following information, calculate the present value of the following bond that pays semi-annual coupons. Par value: $1,000. Coupon Rate: 9%. Interest Rate: 2%.

Given the following information, calculate the present value of the following bond that pays semi-annual coupons. Par value: $1,000. Coupon Rate: 9%. Interest Rate: 2%. Maturity: 5 years.

$678 $1,000 $1,113 $1,331 $806

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