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Suppose a bond makes $60 coupon payments at the end of the next two years, at which time the value of $1,000 is repaid. If

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Suppose a bond makes $60 coupon payments at the end of the next two years, at which time the value of $1,000 is repaid. If the interest rate is 2 percent, then what is the present value of the bond? The present value (PV) of the bond is $ (Enter your response rounded to two decimal places.)

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