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Pfizer bonds have an annual coupon rate of 3.6% percent and a par value of $1,000 and will mature in 8 years. If you require

Pfizer bonds have an annual coupon rate of 3.6% percent and a par value of $1,000 and will mature in 8 years. If you require a 5 percent return, what price would you be willing to pay for a Pfizer bond?

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