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Roadrunner Corp issued 20-year bonds 10 years ago at a coupon rate of 8.2 percent and par value of $1,000. The bonds make monthly payments.

Roadrunner Corp issued 20-year bonds 10 years ago at a coupon rate of 8.2 percent and par value of $1,000. The bonds make monthly payments. If the yield to maturity is 8%, how much should you be willing to pay for the bond?

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