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Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quated annual interest rate of maturity. Compute the
Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quated annual interest rate of maturity. Compute the price of the bonds based on semiannual analysis. Use App pendix B and AppendixD for an approximate answer but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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