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Suppose that you purchased a B- rated $5,000 annual coupon bond with an 18.7% coupon rate and a 9-year maturity. The current rate on 9-year

Suppose that you purchased a B- rated $5,000 annual coupon bond with an 18.7% coupon rate and a 9-year maturity. The current rate on 9-year US treasuries is 3%. If you purchased it at a 10.563% discount to par value, how much did you pay?

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