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Karen bought a AAA rated corporate bond in 2 0 1 6 for $ 1 , 0 0 0 that pays a $ 4 0

Karen bought a AAA rated corporate bond in 2016 for $1,000 that pays a $40.00 annual coupon payment, which matures in 2036. Today (2024) the prevailing interest rate for AAA rated corporate bonds is 8.5%.What is the coupon payment and bond value of Karens AAA rated corporate bond in 2024?

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