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What maximum price would you pay for a standard 7% level-coupon bond (with annual payments and a face value of $1,000 ) that has 5

What maximum price would you pay for a standard 7% level-coupon bond (with annual payments and a face value of $1,000 ) that has 5 years to maturity if the prevailing discount rate (your cost of capital) is 10% per annum

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