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The XYZ company bond has a face value of $1,000. The bond has 18 years left to maturity, an annual coupon rate of 8.00% and

The XYZ company bond has a face value of $1,000. The bond has 18 years left to maturity, an annual coupon rate of 8.00% and pays interest semi-annually. What is the present value of the bond if your required rate of return is 6.60%?

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