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You purchase a $19,000 Fed-Ex 12.750% bond maturing May 21, 2019. The bond is priced to yield 13.375% and settles March 27, 2017. Your first

You purchase a $19,000 Fed-Ex 12.750% bond maturing May 21, 2019. The bond is priced to yield 13.375% and settles March 27, 2017. Your first coupon payment of ? will be paid on ?


The present value of this payment on the settlement date is $______?_________

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