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Gouldboro Incorporated issues 16-year bonds, with an annual coupon rate of 8.9%, but makes coupons payments semi-annually. Calculate the price per $1,000 face value using
Gouldboro Incorporated issues 16-year bonds, with an annual coupon rate of 8.9%, but makes coupons payments semi-annually. Calculate the price per $1,000 face value using an interest rate of 10.3%. Answers should be in dollars to the nearest hundredth (to the nearest cent).
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