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Annual Bonds What price should you pay for a 5 - year BBB Corporate Bond offering annual payments, $ 1 , 0 0 0 Face

Annual Bonds

What price should you pay for a

5 -

year BBB Corporate Bond offering annual

payments, $

1, 000

Face Value and a Coupon Rate of

7.10 % ?

[

show your answer as dollars and cents

]

Fill in the blank

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