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6 . The company has issued a bond with the following characteristics: face value: $ 1 0 0 0 , maturity: 2 0 years, coupon

6. The company has issued a bond with the following characteristics: face value: $1000, maturity: 20 years, coupon rate: 7%, payable every six months. Assuming a yield to maturity of 5%, what is the price of the bond.

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