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Suppose Chris buys a 5-year corporate bond with face value of $1000 that carries an 8% coupon rate. Assume market rate of return associated

Suppose Chris buys a 5-year corporate bond with face value of $1000 that carries an 8% coupon rate. Assume market rate of return associated with a corporate bond of its risk level and type is 10%, what should the bond sell for? Please round your response to two decimal places.

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