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There is a 5 percent coupon bond with seven years to maturity and a current price of $1,050.60. What is the dollar value of an

There is a 5 percent coupon bond with seven years to maturity and a current price of $1,050.60. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round your answer to 3 decimal places. Omit the "$" sign in your response.)

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