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Your broker offers to sell for ( $ 1,056 ) a AAA-rated bond with a coupon rate of 7 percent and a maturity of seven
Your broker offers to sell for \\( \\$ 1,056 \\) a AAA-rated bond with a coupon rate of 7 percent and a maturity of seven years. Given that the interest rate on comparable debt is 6 percent, calculate the bond's price. Assume that the bond pays interest annually. Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. \\( \\$ \\) Is your broker fairly pricing the bond? , so the bond be purchased
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