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You purchased an annual interest coupon bond one year ago that now has 1 8 years remaining until maturity. The coupon rate of interest was

You purchased an annual interest coupon bond one year ago that now has

18

years remaining until maturity. The coupon rate of interest was

11 %,

and par value was $

1, 000 .

At the time you purchased the bond, the yield to maturity was

10 % .

The amount you paid for this bond one year ago was

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