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Buner Corporations outstanding bond has the following characteristics: Years to maturity 6.0 Coupon rate of interest...

Buner Corporations outstanding bond has the following characteristics:
Years to maturity 6.0
Coupon rate of interest 8.0%
Face value 1,000
If investors require a rate of return equal to 11 percent on similar-risk bonds and interest is paid semiannually, what should be the market price of Buner's bond?

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