Bond valuation long dashSemiannual interestFind the value of a bond maturing in 10 years, with...
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Bond valuation long dashSemiannual interestFind the value of a bond maturing in 10 years, with a $1,000 par value and a coupon interest rate of 99% (4.54.5% paid semiannually) if the required return on similar-risk bonds is 12% annual interest left parenthesis 6% (6% paid semiannually).
The present value of the bond is $__ (Round to the nearest cent.)
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