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Guntion Inc. bonds have a 28-year maturity, a 11% coupon paid semiannually, and a par value of $1,000. If your required rate of return is

Guntion Inc. bonds have a 28-year maturity, a 11% coupon paid semiannually, and a par value of $1,000. If your required rate of return is 9% what is the intrinsic value of the bond? Round to two decimal places.

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