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Valuation- Corporate Bond A $1,000 corporate bond with 20 years to maturity pays a coupon rate of 7% (semi-annual) and the market required rate of

Valuation- Corporate Bond

A $1,000 corporate bond with 20 years to maturity pays a coupon rate of 7% (semi-annual) and the market required rate of return is a) 6.6% b) 13%. What is the current selling price for a) and b)? (Please show work so I can understand the steps)

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