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The H&H Computer Company has an outstanding issue of bond with a par value of $1,000 and a 8 percent coupon rate. The bond pays

The H&H Computer Company has an outstanding issue of bond with a par value of $1,000 and a 8 percent coupon rate. The bond pays interest semi-annually. The bond was issued 20 years ago and has 7 years to maturity. What is the value of the bond assuming an 7 percent market interest rate?

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