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A bond pays a 4% annual coupon (next payment due in one year) and has 4 years from now to maturity. Based on these factors,

A bond pays a 4% annual coupon (next payment due in one year) and has 4 years from now to maturity. Based on these factors, the euro risk-free interest rate and the credit risk associated with the bond, you determine you would require a 7% return for investing in such a bond. What is the most therefore you would pay for a 100 par value of the bond? Insert your answer below correct to two decimal places

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