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A 10-year 4.8% coupon bond was issued 1 year(s) ago. Similarly risky bonds are yielding 5.9%. Assume semi-annual coupon payments. The bond's price should be

A 10-year 4.8% coupon bond was issued 1 year(s) ago. Similarly risky bonds are yielding 5.9%. Assume semi-annual coupon payments. The bond's price should be $___________. Hint: Original bond maturity is not relevant -- what matters is the number of coupon payment periods remaining until maturity.

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