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A corporation issues a bond that promises to pay you monthly coupons in the amount of $77.5 per year for six years and $1,000 after

A corporation issues a bond that promises to pay you monthly coupons in the amount of $77.5 per year for six years and $1,000 after six years. What is the maximum amount that you would pay for this bond if you wanted to earn 11 percent?

Please solve showing excel table and formulas.

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