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WITH THE STEPS A bond with a par value of $1,000 and a coupon rate of 7%, this bond has a maturity of 10 years.

WITH THE STEPS

A bond with a par value of $1,000 and a coupon rate of 7%, this bond has a maturity of 10 years. Find the value of this bond if the interest rate is 6% and the Interest of this bond is paid semi annually. .00 Aj B 1 E E A O 2 * U S X, X2 E Va S2 TX

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