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Suppose that 15 years ago, Amazon had issued 30-year non-callable bonds. The bonds carried an annual coupon of 10% paid semi-annually and the face value

Suppose that 15 years ago, Amazon had issued 30-year non-callable bonds. The bonds carried an annual coupon of 10% paid semi-annually and the face value was $1,000. If interest rates are 8% today, what is the current value of the bonds?

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