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Time left 0:04:30 Question 2Answer savedMarked out of 2.00Flag question Question text A corporate bond has a face value of $10000, a coupon rate of interest of 8.25% per annum, payable semi-annually, and six-and-a-half years remaining to maturity. The market interest rate for bonds of similar risk and maturity is currently 9.5% per annum, what is the present value of the bond?

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