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Five years ago, you purchased a $ 1 , 0 0 0 par value corporate bond with an interest rate of 6 percent. Today, comparable
Five years ago, you purchased a $ par value corporate bond with an interest rate of percent. Today, comparable bonds are paying percent.
What is the approximate dollar price for which you could sell your bond? Do not round intermediate calculations. Round your answer to decimal places.
Approximate market value
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