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Blossom Inc. has seven - year bonds outstanding that pay a 1 4 percent coupon rate. Investors buying these bonds today can expect to earn

Blossom Inc. has seven-year bonds outstanding that pay a 14 percent coupon rate. Investors buying these bonds today can expect to earn a yield to maturity of 7.40 percent. What is the current value of these bonds? Assume annual coupon payments and face value is $1,000.(Round answer to 2 decimal places, e.g.15.25.)Current value$

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