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Given the following information, determine the market value of a company bonds. Par value $1,000 Coupon rate 13.0% Years to maturity 8 Yield to maturity

Given the following information, determine the market value of a company bonds.

Par value $1,000

Coupon rate 13.0%

Years to maturity 8

Yield to maturity 10.0%

Interest paid semiannually

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