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Regatta, Inc., has six - year bonds outstanding with a face value of $ 1 , 0 0 0 that pay an 8 . 2

Regatta, Inc., has six-year bonds outstanding with a face value of $1,000 that pay an 8.25 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 6.875 percent. How much will you be willing to pay for Regatta's bond today?

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