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Johnnies Inc. has just issued a bond that has a par value of $1,000 and pays a 8% coupon rate annually. If the bond matures

Johnnies Inc. has just issued a bond that has a par value of $1,000 and pays a 8% coupon rate annually. If the bond matures in 10 years what is the value of the bond today if the yield to maturity on the bond is 7.5%?

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