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Gouldboro Incorporated issues 11-year bonds, with an annual coupon rate of 7.6%, but makes coupons payments semi-annually. Calculate the price per $1,000 face value using

Gouldboro Incorporated issues 11-year bonds, with an annual coupon rate of 7.6%, but makes coupons payments semi-annually.

Calculate the price per $1,000 face value using an interest rate of 11%.

Answers should be in dollars to the nearest hundredth (to the nearest cent).

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