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Two years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 5 percent. Today, comparable bonds are paying 4.30
Two years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 5 percent. Today, comparable bonds are paying 4.30 percent. What is the approximate dollar price for which you could sell your bond? (Round your answer to 2 decimal places.) Approximate market value
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