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Bond Valuation-Semmiannual Interest. Find the value of a bond maturing in 10 years, with a...

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Finance

Bond Valuation-Semmiannual Interest. Find the value of a bond maturing in 10 years, with a $1000 par value and a coupon interest rate of 9% (4.5% paid semmiannually) if the required return on a similar-risk bonds is 17% annual interest (8.5% paid semmiannually).

The present value of the bond is?

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