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Homework: Chapter 6 HW Save Score: 0 of 1 pt 9 of 10 (7 complete)...

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Homework: Chapter 6 HW Save Score: 0 of 1 pt 9 of 10 (7 complete) HW Score: 70%, 7 of 10 pts P6-24 (similar to) Question Help Bond valuationSemiannual interest Find the value of a bond maturing in 6 years, with a $1,000 par value and a coupon interest rate of 14% (7% paid semiannually) if the required return on similar-risk bonds is 13% annual interest (6.5% paid semiannually). The present value of the bond is $ . (Round to the nearest cent.)

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