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How much will you pay for this bond? The bond matures in 7 years, pays an annual coupon of 10%, has a face value of

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How much will you pay for this bond? The bond matures in 7 years, pays an annual coupon of 10%, has a face value of 2,782 . Bonds with similar default risk and maturity yield 4 per year. Please round to two decimal places

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