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Guntion Inc. bonds have a 1 5 - year maturity, a 8 % coupon paid semiannually, and a par value of $ 1 , 0

Guntion Inc. bonds have a 15-year maturity, a 8% coupon paid semiannually, and a par value of $1,000. If your required rate of return is 7% what is the intrinsic value of the bond? Round to two decimal places (Ex. $000.00)
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