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You want to purchase a bond that has a face amount of $1,000. The bond matures in 5 years. The bond broker has indicated that

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You want to purchase a bond that has a face amount of $1,000. The bond matures in 5 years. The bond broker has indicated that the bond sells for 101.5 how much will you have to spend to purchase the bond? (When entering your answer do not use $ signs and round to the nearest whole number.)

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