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Nasser Company just issued a 10-year 7% coupon bond. The face value of the bond is KD 1,000 and the bond makes semiannual coupon payments.

Nasser Company just issued a 10-year 7% coupon bond. The face value of the bond is KD 1,000 and the bond makes semiannual coupon payments. If the required return on the bond is 10%, what is the bonds price? SHOW STEPS AND USE REGULAR FORMULA WITHOUT FINANCIAL CALC.

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