Question: Please view the following video before answering this question. Click here to watch the video Ten bonds are purchased for $8,568.37 and are kept for

 Please view the following video before answering this question. Click here

Please view the following video before answering this question. Click here to watch the video Ten bonds are purchased for $8,568.37 and are kept for 5 years. The bond coupon rate is 7% per year, paryable annually. Immediately following the owner's receipt of the last coupon payment, the owner sells each bond for $50 less than its par value (price discount). The owner will invest in the bonds if the effective annual yield is at least 9%. What is the face value of the the ten bonds

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