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17 years ago, you bought a bond just after it paid its semiannual coupon. The bond had a coupon rate of 4.7%, a face value
17 years ago, you bought a bond just after it paid its semiannual coupon. The bond had a coupon rate of 4.7%, a face value of $1,000 and a yield to maturity of 3.2%. It bond had 17 years to maturity, i.e., it matures now.
What was the price of the bond (in $)
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