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Walmart has $ 1 , 0 0 0 par value bonds outstanding that matures in 2 0 years and has a 8 % coupon rate.

Walmart has $1,000 par value bonds outstanding that matures in 20 years and has a 8% coupon rate. Interest is paid twice per year. If investors require a rate of return of 6.2% on these bonds, what is the value of a bond?

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