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Suppose that you have a corporate bond that makes annual payments of $62.95 and had 7 more years until maturity. The current required return by

Suppose that you have a corporate bond that makes annual payments of $62.95 and had 7 more years until maturity. The current required return by investors for bonds of this risk class is 6.96%. The market price of this bond is $____.__. Round your answer to two decimal places.

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