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LynIT Ltd. issued a 10-year, 7% coupon interest rate, $1,000 par value bond that pays interest semi-annually. The required return is 5%. Compute the value

LynIT Ltd. issued a 10-year, 7% coupon interest rate, $1,000 par value bond that pays interest semi-annually. The required return is 5%. Compute the value of the bond.

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