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You are considering the purchase of a S1,000 face value bond issued by ABC company. The bood pays 5 percent coupon interest per year, with

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You are considering the purchase of a S1,000 face value bond issued by ABC company. The bood pays 5 percent coupon interest per year, with the coupon paid annually. The bond matures in 3 years. If the required rate of return (r) on this bond is 8 percent. What is the cuurent value of the bond (v)? (Round your answer to 2 decimal places)

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