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plesse solve 11 A ten-year bond pays 8 percent annual coupon on the semiannual basis. Also, this bond pays a face value of $1.000. If

plesse solve

11 A ten-year bond pays 8 percent annual coupon on the semiannual basis. Also, this bond pays a face value of $1.000. If similar bonds are currently yielding 12 percent annually, what is the market value of the bond? (6 points)

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