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You purchase a 4% coupon bond with a face value of $1,000 for $800. One year later you sell the bond and generate a 5.0%
You purchase a 4% coupon bond with a face value of $1,000 for $800. One year later you sell the bond and generate a 5.0% rate of return. At what price did you sell the bond? (please show your answer in $)
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