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Mills Company, a large defense contractor, on January 1, 2016, issued a 10% coupon interest rate, 6-years bond with a $1,000 par value that pays

Mills Company, a large defense contractor, on January 1, 2016, issued a 10% coupon interest rate, 6-years bond with a $1,000 par value that pays interest annually and required return 8%. What is the bond value?

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