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At the beginning of the year, you purchased a corporate bond with an even value of $ 1,000, with a coupon rate of 7% and
At the beginning of the year, you purchased a corporate bond with an even value of $ 1,000, with a coupon rate of 7% and a maturity date of 10 years. When you bought the bond, it had an expected return on maturity (YTM) of 8%. Currently (today) the bond is selling for $ 1,060. How much did you pay for the bonus?
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