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BNP Paribus Bank is offering a 3 yrs. bond with an annual coupon rate of 9% paid annually and face value of $1000. Suppose the

BNP Paribus Bank is offering a 3 yrs. bond with an annual coupon rate of 9% paid annually and face value of $1000. Suppose the time value of this type of bond is 11%. What is the maximum value of this bond?

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