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A $1000-face value bond is paying annual coupons at a coupon rate of 3.28%, and has 7 years left to maturity. If the yield-to-maturity on
A $1000-face value bond is paying annual coupons at a coupon rate of 3.28%, and has 7 years left to maturity. If the yield-to-maturity on the bond is 3.07%, what is the bond price? (Round your answer to the nearest $)
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