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Calculate the price per face value using an interest rate

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Problem 1: Gouldboro Incorporated issues 13-year bonds, with an annual coupon rate of 7.5%, but makes coupons payments semi-annually. Calculate the price per $1,000 face value using an interest rate of 11.7%. Answers should be in dollars to the nearest hundredth (to the nearest cent).

Reference no: EM133006188

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