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A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on March 8, 2017. The bond matures on

A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on March 8, 2017. The bond matures on July 1, 2020 and yields 4.4% compounded semi-annually. What is the purchase payment for the bond?

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