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XYZs bonds pay semiannual interest with a 10% annual coupon on a $1,000 par value. The bonds have 10 years remaining maturity. If the investors
XYZs bonds pay semiannual interest with a 10% annual coupon on a $1,000 par value. The bonds have 10 years remaining maturity. If the investors semiannual required rate of return is 4%, what is the fair market value for these bonds?
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