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A $1,000 par value bond with 14 years to maturity and a 5% coupon has a yield to maturity of 9%. T-bills are yielding 7%,

A $1,000 par value bond with 14 years to maturity and a 5% coupon has a yield to maturity of 9%. T-bills are yielding 7%, and the company's stock has a beta of 1.3. Interest is paid semiannually. What is the current price of the bond

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