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Assume that you purchase a 3 0 - year stripped bond with a $ 1 0 0 , 0 0 0 face value. The current

Assume that you purchase a 30-year stripped bond with a $100,000 face value. The current bond price is $9,937.73 and the yield is 8%. Calculate the interest revenue during the first year of holding the bond. Calculate amounts to nearest dollar, no $.
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