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A bond has a par value of $1,000 and a maturity of 5 years. The coupon interest rate is 10% and the market interest rate

A bond has a par value of $1,000 and a maturity of 5 years. The coupon interest rate is 10% and the market interest rate is 8%. Calculate: bond price (round to 2 decimal places) bond duration (round to 2 decimal places)

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