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Flammerly Corp. bonds have a 17 - year maturity , a 4.4 % coupon paid semiannually , and a par value of $ 1,000 .

Flammerly Corp. bonds have a 17 - year maturity , a 4.4 % coupon paid semiannually , and a par value of $ 1,000 . If your required rate of return is 6.8 % what is the most you are willing to pay for the bond ? Submit your final answer rounded to two decimal places ( Ex 00.00 )

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