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Five years ago, you purchased a $ 1 . 0 0 0 a corporate bond with an interest rate of 2 . 9 percent that

Five years ago, you purchased a $1.000 a corporate bond with an interest rate of 2.9 percent that matures in 10 years. Interest
payments are made every six months. Today, comparable bonds are paying 3.50 percent.
What is the approximate dollar price for which you could sell your bond?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Approximate market value
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