Coupon rate and semi-annual coupon payments

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The Chaplin Company issued bonds several years ago with a 6.5% coupon rate and semi-annual coupon payments. If the bonds have 12 years to maturity and Charlie requires a 4.75% rate of return for this type of investment, what is the value of the bonds per $100 of face value? (Round to two decimal places)

Reference no: EM13836205

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