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On July 16, 2018, Jeet Kune Do borrowed USD 50 million by issuing USD 50 million of bonds payable in 30 years. Its bonds have

On July 16, 2018, Jeet Kune Do borrowed USD 50 million by issuing USD 50 million of bonds payable in 30 years. Its bonds have a USD 1,000 par value, and they pay a coupon rate of 12% semiannually. 


How much is the bond worth on that date?

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