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QUESTION

You have the following bond: $1000 Par Value, 13 years to maturity, 11% Market rate of interest, Coupon of 12%, semi-annually compounded, What is the...

You have the following bond: $1000 Par Value, 13 years to maturity, 11% Market rate of interest, Coupon of 12%, semi-annually compounded, What is the PV of the coupon stream only?  Answer is given as positive.

DO NOT use any commas in the amount.    Ex: 10500, not 10,500

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