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You are willing to buy today a 10-year, 8 percent, semiannual coupon bond that has a $1,000 face value. The bond is currently quoted at

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You are willing to buy today a 10-year, 8 percent, semiannual coupon bond that has a $1,000 face value. The bond is currently quoted at 95 . the next interest payment will occur 3 months from today. How much money will you pay out of pocket? (Do not round your intermediate calculations. Round your final answer, if necessary, to 2 decimal places. Note: Your final answer must be in dollars without the $ sign)

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