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Your financial adviser recommends buying a 1 0 - year bond with a face value of $ 1 , 0 0 0 and an annual

Your financial adviser recommends buying a 10-year bond with a face value of $1,000 and an annual coupon of $75. The current interest rate is 8 percent. What might you expect to pay for the bond (aside from brokerage fees)?
Instructions: Enter your response rounded to the nearest whole number. Round intermediate calculations to two decimal places.
$

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