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Ivanhoe Inc. has seven-year bonds outstanding that pay a 14 percent coupon rate. Investors buying these bonds today can expect to earn ayield to maturity

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Ivanhoe Inc. has seven-year bonds outstanding that pay a 14 percent coupon rate. Investors buying these bonds today can expect to earn ayield to maturity of 7.45 percent. What is the current value of these bonds? Assume annual coupon payments and face value is $1,000. (Round answer to 2 decimal places, e.g. 15.25.) Current value $

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