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Tinker Corp.s outstanding bond has a coupon rate of 8 percent and a face value of $1000. The bond matures in six years. Investors require

Tinker Corp.s outstanding bond has a coupon rate of 8 percent and a face value of $1000. The bond matures in six years. Investors require a rate of return equal to 12 percent and interest is paid semiannually. What should be the market price of Tinkers bond?

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