Question: Consider a $ 1 0 , 0 0 0 par value 1 0 - year bond, coupon 5 % , issued today. Market interest rates

Consider a $10,000 par value 10-year bond, coupon 5%, issued today. Market interest rates are 8%. What would pay for this bond today?
(Round to the nearest penny, no dollar sign or comma. So $1,234.56 is 1234.56).

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