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You are thinking of purchasing a bond witha 13-year maturity, a 8% coupon paid annually, and a par value of $1,000.If your required rate of

You are thinking of purchasing a bond witha 13-year maturity, a 8% coupon paid annually, and a par value of $1,000.If your required rate of return is5.8%, what is the intrinsic value of the bond?Round to two decimal places (Ex. $000.00)

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