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1 . A 7 - year, $ 1 0 0 0 par, semi - annual pay 8 % fixed coupon bond has a market discount

1 .

7 -

year, $

1000

par, semi

-

annual pay

8 %

fixed coupon bond has a market discount rate of

6 %

with

2

years to maturity. What is the market price of the bond?

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