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Q: What is the current value of a $1,000 bond with a 7% annual coupon rate (paid semi-annually) that matures in 7 years if the

Q: What is the current value of a $1,000 bond with a 7% annual coupon rate (paid semi-annually) that matures in 7 years if the appropriate stated annual discount rate is 11%. Please round your answer to the nearest hundredth

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