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The coupon of 2 5 is paid annually in October The face value is paid out in October 2 0 1 8 , seven years

The coupon of 25 is paid annually in October
The face value is paid out in October 2018, seven years from the issue date.
If the stated annual interest rate in the market is 2.53 percent per year, what is the present value of the bond?

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