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Three years ago, Petty Partners Inc. issued 1 5 - year, $ 1 , 0 0 0 bonds that are currently priced at $ 9

Three years ago, Petty Partners Inc. issued 15-year, $1,000 bonds that are currently priced at $911.37. If the prevailing rate of return on similar investments is 5%, what is the annual interest payment of Petty Partners bonds ?

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