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The market price of a 10-year bond is 89$, its yield to maturity is 8% per year, and annual coupon payments are equal to 89$.

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The market price of a 10-year bond is 89$, its yield to maturity is 8% per year, and annual coupon payments are equal to 89$. The face value of the bond is $1000. Calculate the present value of the bond. Would you buy it? The answer is to be written in the reasons box. Round your answer to the nearest tenth

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