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On January 1, 2018, the Brothers Corporation issued 8-year bonds with a face value of $1,000 and a stated interest rate of 6%, payable semi-annually.

On January 1, 2018, the Brothers Corporation issued 8-year bonds with a face value of $1,000 and a stated interest rate of 6%, payable semi-annually. The bonds were sold to yield 8%. Allowing for some rounding, the present value of the COUPON PAYMENTS is:

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