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10-4 Ten years ago Christopher bought a $1,000 par value bond with 20 years to ma- turity for the price of $850. The bond pays

10-4 Ten years ago Christopher bought a $1,000 par value bond with 20 years to ma- turity for the price of $850. The bond pays annual coupon interest at 9 percent. If the present yield to maturity on the bond is 7 percent, what annual coupon interest in dollars will Christopher receive this year

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