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What is the market price of a $ 1 , 0 0 0 , 7 percent bond paying a semiannual coupon if comparable market interest
What is the market price of a $ percent bond paying a semiannual coupon if comparable market interest rates rise to percent and the bond matures in years? Round your answer to the nearest dollar. Hint: Use Appendix A and Appendix A Round Present Value of a Single Amount and Present Value a Series of Equal Amounts in intermediate calculations to four decimal places.
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