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cost of bond: $1000 A bond matures in 4 years, has a coupon rate of 9% and has a YTM of 11.11%. What is the

cost of bond: $1000

A bond matures in 4 years, has a coupon rate of 9% and has a YTM of 11.11%. What is the present value of the par payment? Round your answer to 2 decimals places, for example $100.12

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