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Lomack Company's bonds have a 11 -year maturity, a 10% coupon, paid semiannually, and a par value of $1,000. The market interest rate is 6%,

Lomack Company's bonds have a 11 -year maturity, a 10% coupon, paid semiannually, and a par value of $1,000. The market interest rate is 6%, with semiannual compounding. Part 1 1. 1 Attempt 4/5 for What is the bond's value (in \$)

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