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Last year , The Harvest Time Corporation sold $40,000,000 worth of 7.5% coupon, fifteen-year maturity, $1,000 par value, AA-rated; noncallable bonds to finance its business

Last year, The Harvest Time Corporation sold $40,000,000 worth of 7.5% coupon, fifteen-year maturity, $1,000 par value, AA-rated; noncallable bonds to finance its business expansion. Currently, investors are demanding a yield of 8.5% on similar bonds. If you own one of these bonds and want to sell it, how much money can you expect to receive on it?

Mode: P/Y = ?; C/Y = ?

Input: N I/Y PV PMT FV

Key: ? ? ? ? ?

Output ?

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