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There is a bond with a coupon of 4.8 percent, six years to maturity, and a current price of $1,048.30. What is the dollar value

There is a bond with a coupon of 4.8 percent, six years to maturity, and a current price of $1,048.30. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

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