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Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 7.5 percent. Today comparable bonds are paying 9.5

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Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 7.5 percent. Today comparable bonds are paying 9.5 percent What is the approximate dollar price for which you could sell your bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Approximate market value

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