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You are considering the purchase of a $1,000 face value bond issued by ABC company. The bond pays 9 percent coupon interest per year, with

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You are considering the purchase of a $1,000 face value bond issued by ABC company. The bond pays 9 percent coupon interest per year, with the coupon paid annually. The bond matures in 3 years. If the required rate of return (s) on this bond is 5 percent. What is the current value of the bond (V.)? (Round your answer to 2 decimal places)

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