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Question 3 ( 7 points ) Listen Calculate the current price of a $ 1 , 0 0 0 par value bond that has a

Question 3(7 points)
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Calculate the current price of a $1,000 par value bond that has a coupon rate of 9 percent, pays coupon interest annually, has 10 years remaining to maturity, and has a current yield to maturity (discount rate) of 15 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).
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