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Manufactured Company, a contractor, on January 1, 2020, issued a 5% coupon rate, 10-year bond with a 1,000 par value that pays interest semi-annually and

Manufactured Company, a contractor, on January 1, 2020, issued a 5% coupon rate, 10-year bond with a 1,000 par value that pays interest semi-annually and the required rate was 10%. What would be a fair price for these bonds?

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