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Lomack Company's bonds have a 12-year maturity, a 10% coupon, paid semiannually, and a par value of $1,000. The market interest rafe is 7%, with

Lomack Company's bonds have a 12-year maturity, a 10% coupon, paid semiannually, and a par value of $1,000. The market interest rafe is 7%, with semiannual compounding. Part 1 [ Attempt 2/5 for 2p What is the bond's value (in \$)

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