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You are considering the purchase of a coupon bond with a face value of $1,000, which matures in 26 years, and pays 5.15% (annua) coupons.

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You are considering the purchase of a coupon bond with a face value of $1,000, which matures in 26 years, and pays 5.15% (annua) coupons. If you require a return of 4.55% on this instrument, how much would you offer to pay for it today? (Present the answer rounded to two decimal places, e.g. 1045.16) Numeric Response

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