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ASAP please Diamond Corporation is planning a bond issue with an escalating coupon rate. The annual coupon rate will be 4.1% for the first 5

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ASAP please

Diamond Corporation is planning a bond issue with an escalating coupon rate. The annual coupon rate will be 4.1% for the first 5 years, 5.1% for the subsequent 3 years, and 6.1% for the final 4 years. If bonds of this risk are yielding 6.9%, estimate the bond's current price. Face value of the bond is $1,000. (Round your $( answer to the nearest cent.)

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