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Your own a Hebb Co. bond with the following characteristics: Face value: $1,000 Coupon rate: 12% Coupons are paid semi-annually Years to Maturity: 15 years

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Your own a Hebb Co. bond with the following characteristics: Face value: $1,000 Coupon rate: 12% Coupons are paid semi-annually Years to Maturity: 15 years Current price: $ 929 Hebb Co. company is willing to double the last 6 coupon payments. If you require a 12% yield with semi-annual compounding, what is the most you would be willing to pay now for this option? Answer to the nearest cent and do NOT include a $ sign

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