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A $1000 face value corporate bond, with 8 years remaining to maturity, offers a semi-annual coupon at a rate of 7.6% APR compounded semi-annually. What
A $1000 face value corporate bond, with 8 years remaining to maturity, offers a semi-annual coupon at a rate of 7.6% APR compounded semi-annually. What is the price of the this bond if the current yield-to-maturity is 9% APR compounded semi-annually? Enter answer in dollars, rounded to the nearest dollar.
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