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Canaan Adventures offers a 7 percent coupon bond with annual payments. The yield to maturity is 5 percent and the maturity date is 10 years

Canaan Adventures offers a 7 percent coupon bond with annual payments. The yield tomaturity is 5 percent and the maturity date is 10 years from today. What is the market price ofthe bond if the face value is $1,000?

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