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Jeremy Kohn is planning to invest in a 5 - year bond that pays a 1 5 percent coupon. The current market rate for similar

Jeremy Kohn is planning to invest in a 5-year bond that pays a 15 percent coupon. The current market rate for similar bonds is 9 percent. Assume semiannual coupon payments. What is the maximum price that should be paid for this bond? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

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