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A 17-year bond pays interest of $41 every year and will mature for $1,000. Also assume that the yield to maturity on this bond is

A 17-year bond pays interest of $41 every year and will mature for $1,000. Also assume that the yield to maturity on this bond is currently 7.08%. Given this information, determine the current price of this bond. Round your answer to the nearest penny ($0.01).
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A 17 -year bond pays interest of $41 every year and will mature for $1,000. Also assume that the yield to maturity on this bond is currently 7.08%. Given this information, determine the current price of this bond. Round your answer to the nearest penny (\$0.01)

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