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What is the most we should pay for a bond with a par value of $1000, coupon rate of 3.7% paid annually , and a

What is the most we should pay for a bond with a par value of $1000, coupon rate of 3.7%paid annually, and a remaining life of 17 years? Theyield to maturityis 6.6%.Assume annual discounting.(Round your answer to the nearest penny.)

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