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2 points A 7% coupon bond has a par value of $1,000 and 20 years remaining until maturity. Coupons are paid semi-annually. If the bond's

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2 points A 7% coupon bond has a par value of $1,000 and 20 years remaining until maturity. Coupons are paid semi-annually. If the bond's yield-to-maturity is 6.2%, what is its price? Enter your answer as a positive number rounded to the nearest penny

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