[Solved] A $13,042 par value bond whose coupon rat

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A $13,042 par value bond whose coupon rate is 3.5% is purchased. If the investment represents a current yield of 4.4%, compute the bond's market

A $13,042 par value bond whose coupon rate is 3.5% is purchased. If the investment represents a current yield of 4.4%, compute the bond's market price at the time of the purchase. Round your answer to the nearest dollar

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