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1. Kramerica Industries has issued a $1000 par, 6.3% coupon bond that matures in 4 years. What is the current price of this bond if

1. Kramerica Industries has issued a $1000 par, 6.3% coupon bond that matures in 4 years. What is the current price of this bond if you require a 9% return for investing in this security?

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