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Suppose that you purchased a Baa rated $1000 annual coupon bond with an 8.1% coupon rate and a 9-year maturity at par value. The current

Suppose that you purchased a Baa rated $1000 annual coupon bond with an 8.1% coupon rate and a 9-year maturity at par value. The current rate on 9-year US treasuries is 3%. Two years later, you look in the newspaper, and find that the yield on comparable debt is 6.892%, how much is the bond currently worth?

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