Question: Sunrise issued a bond with 10 years maturity. It had a $1,000 par value and paid 6% annual interest compounded semiannually. Your required rate of

Sunrise issued a bond with 10 years maturity. It had a $1,000 par value and paid 6% annual interest compounded semiannually. Your required rate of return on the bond is 9%. How much are you willing to pay for this bond? (6 points)

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