Question: 3 : Having held a $ 1 , 0 0 0 bond for 7 years, Jiji is considering selling it . Given an annual bond

3 : Having held a $1,000 bond for 7 years, Jiji is considering selling it. Given an annual bond rate of 5% and an initial purchase price of $750, she aims for an annual yield of 8%. What should be the selling price for the bond?

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