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P6-24 (similar to) Question Help Bond valuation Semiannual interest Find the value of a bond maturing in 5 years, with a $1,000 par value and

P6-24 (similar to) Question Help Bond valuation Semiannual interest Find the value of a bond maturing in 5 years, with a $1,000 par value and a coupon interest rate of 12% (6% pald semiannually) if the required return on similar-risk bonds is 13% annual interest (65% paid semiannually) The present value of the bond is 5 (Round to the nearest cent)

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