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Consider a 10-year coupon bond that pays an annual coupon rate of 7 percent, and the face value of a bond is $1000. You purchased

Consider a 10-year coupon bond that pays an annual coupon rate of 7 percent, and the face value of a bond is $1000. You purchased the bond for $1210 three years ago when the bond was brand new. Assuming interest rates haven’t changed, calculate how much is bond worth today?

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