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If a 1 0 - year corporate bond that yields 3 . 0 0 % more than its risk - free rate and has a

If a

10 -

year corporate bond that yields

3.00 %

more than its risk

-

free rate and has a face value of $

1, 000,

With the fixed coupon of this corporate bond is

5.00 %,

What is the current price of the corporate bond?

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