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Reconsider the example above, where you are contemplating the purchase of the coupon bond with a face value of $1.000, which matures in 26 years.

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Reconsider the example above, where you are contemplating the purchase of the coupon bond with a face value of $1.000, which matures in 26 years. and pays 515% annual) coupons. Now, if you require a return of 575% on this instrument, how much would you offer to pay for it today? [Present the answer rounded to two decimal places, eg 1045.16)

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