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we own $1,000 bond that has a 10 year maturity and pays interest at a rate of 7% per year. We receive $70 a year

we own $1,000 bond that has a 10 year maturity and pays interest at a rate of 7% per year. We receive $70 a year in interest. if we want to sell our bond and rates on comparable bonds have fallen to 5% how much could we sell our bond for?

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