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In March of 2 0 2 1 , an investor purchased a $ 1 , 0 0 0 , 2 0 - year corporate bond

In March of 2021, an investor purchased a $1,000,20-year corporate bond that pays 2.75%. Due to unexpected economic conditions, interest rates on similar types of corporate bonds now pay 5.25%. The investor has decided to sell the bond in January of 2023. What can be said about the proceeds that the investor will receive when he sells the bond?
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