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Suppose the cash flows for a bond's coupon payment for years I through 12 are $100. That is, CFt - $100 Port ( t1,...,12). Further

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Suppose the cash flows for a bond's coupon payment for years I through 12 are $100. That is, CFt - $100 Port ( t1,...,12). Further assume the the discount rate is 9.00% and at the end of the 12th year the bond will pay back the bond's par value of $1,000. To the nearest dollar, what is the correct price for this bond

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