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Perity Corp. $1,000 par value bonds mature in 27 years and pay a coupon of 10% on a semiannual basis. If investors require a 9.5%

Perity Corp. $1,000 par value bonds mature in 27 years and pay a coupon of 10% on a semiannual basis. If investors require a 9.5% rate of return on bonds with a similar risk profile, what is the intrinsic value of the bond ?

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