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Question: There is a 5.8 percent coupon bond with eleven years to maturity and a current price of $1,059.80. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round your answer to 3 decimal places. Omit the "tiny_mce_markerquot; sign in your response.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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