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The Company issued bonds several years ago with a $ 1 , 0 0 0 face value, 8 % coupon rate, and semi - annual

The Company issued bonds several years ago with a $1,000 face value, 8% coupon rate, and semi-annual coupon payments. If the bonds have 15 years to maturity and they require an 8% rate of return for this type of investment, what is the value of the bonds?

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