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What is the price today (in dollars and cents) of a 3-year 10.95% coupon rate bond that returns the par value of $1000 at maturity.

What is the price today (in dollars and cents) of a 3-year 10.95% coupon rate bond that returns the par value of $1000 at maturity. Use a required rate of return of 12.50%?

You should set your calculator for at least four decimal places of accuracy.

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