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Bonds issued years ago by the ABC Company will make annual coupon payments of $80 at the end of each year for the next five
Bonds issued years ago by the ABC Company will make annual coupon payments of $80 at the end of each year for the next five years and then a final payment of $1000 at the end of the fifth year. The current interest rate for bonds of this type is 2 percent The price at which these bonds will sell in the market is $. (Enter your response rounded to two decimal places.)
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