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What is the most we should pay for a bond with a par value of $1000, coupon rate of 4.2% paid annually, and a remaining
What is the most we should pay for a bond with a par value of $1000, coupon rate of 4.2% paid annually, and a remaining life of 9 years? The yield to maturity is 10.5%. Assume annual discounting. (Round your answer to the nearest penny.)
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