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    May 12, 2012, 04:55 PM
    Assume a $1000 face value bbond has a coupon rate of 8.5 percent pays interest semi-
    assume a $1000 face value bond has a coupon rate of 8.5 percent pays interest semi annually , and has an eight -year life. If investors are willing to accept a 10.25 percent rate of return on bonds of similar quality , what is the precent value or worth of this bond?

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