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Question 4 5 pts Suppose you are thinking about buying a 3 year, $1,000 par value with a 5% annual coupon bond. Interest on

Question 4 5 pts Suppose you are thinking about buying a 3 year, $1,000 par value with a 5% annual coupon bond. Interest on this bond is paid annually. If your required rate of return is 7% annually, then how much should you pay for the bond? (Round your answer to two decimal point)

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