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What is the price of a 11-year bond paying 9.7% annual coupons with a face (par) value of $1,000 if the market rates for these
What is the price of a 11-year bond paying 9.7% annual coupons with a face (par) value of $1,000 if the market rates for these bonds are 5%? Answer to the nearest cent, xxx.xx, and enter without the dollar sign.
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