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You are thinking of buying a bond today. This bond is expected to pay $25 every six-month for 5 years and the bond will also

You are thinking of buying a bond today. This bond is expected to pay $25 every six-month for 5 years and the bond will also pay a lump sum of $1000 at the end of year 5. If the nominal interest rate is 6% APR, how much are you willing to pay for each share of this bond today? Please show your formula in your answer.

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