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Bond valuation long dash—Semiannual interest. Find the value of a bond maturing in 7 years, with...

Bond valuation long dash—Semiannual interest. Find the value of a bond maturing in 7 years, with a $1,000 par value and a coupon interest rate of 13​% (6.5​% paid​ semiannually) if the required return on​ similar-risk bonds is 12​% annual interest (6% paid​ semiannually).

The present value of the bond is $?

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