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A $1,000 face value bond currently has a yield to maturity of 8.21 percent. The bond matures in 11 years and pays interest annually. The

A $1,000 face value bond currently has a yield to maturity of 8.21 percent. The bond matures in 11 years and pays interest annually. The coupon rate is 6 percent. What is the current price of this bond?

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