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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: 13%.

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: 13%. Maturity: 5 years.

$678

$1,000

$1,346

$856

$806

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