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You want to buy a security that pays you $1,000 every 6 months (semiannually) for 6 years. The first payment occurs 4 years and

You want to buy a security that pays you $1,000 every 6 months (semiannually) for 6 years. The first payment occurs 4 years and half year from today. Assuming a 16.00% APR compounded semiannually, what is the price of this security today (rounded at the nearest $)? The amount is 7,536. The amount is 4,072. The amount is 8,536. The amount is 8,139.

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