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What is the face value of a bond with coupon payments of $50 every six months, a current value of $1,172.41, a remaining term of
What is the face value of a bond with coupon payments of $50 every six months, a current value of $1,172.41, a remaining term of 10 years, and a risk-premium of 5%? The current risk-free rate is 3%. Approximate your answer to 2 decimal places.
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