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BankMart Inc. recently issued bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 3%. The current

BankMart Inc. recently issued bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 3%. The current market interest rate is 7%. Attempt 1/5 for 10 pts. Part 1 What is the bond's value?.

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