[Solved] A $1,000 par value bond has a yield to ma

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A $1,000 par value bond has a yield to maturity of 6.69 percent. The bond has three years till the maturity, and its coupon rate

A $1,000 par value bond has a yield to maturity of 6.69 percent. The bond has three years till the maturity, and its coupon rate is 7%. The bond pays coupon semiannually. What is the current price of this bond?

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