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A bank buys bonds with a par value of $30 million for $29,140,090. The coupon rate is 9%, and the bonds pay annual payments. The

A bank buys bonds with a par value of $30 million for $29,140,090. The coupon rate is 9%, and the bonds pay annual payments. The bonds mature in 5 years. The bank wants to sell them in 3 years, and estimates the required rate of return in 3 years will be 7%. What will the market value of the bonds be in three years?

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