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Question 10 10 pts A General Power bond carries a coupon rate of 8.5%, has 9 years until maturity, and sells at a yield to

Question 10 10 pts A General Power bond carries a coupon rate of 8.5%, has 9 years until maturity, and sells at a yield to maturity of 7.5%. (Assume annual interest payments.) At what price does the bond sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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