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A corporation issued a 3 0 - year bond with a coupon rate of 9 % at a price of $ 8 6 3 .
A corporation issued a year bond with a coupon rate of at a price of $ The corporation wants to issue a similar year bond with a coupon rate of however coupon payments will be made annually. What price should they expect to receive from the sale of the annualcoupon bond?
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