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A 10-year Treasury bond with par value of $1,000 has a 6% p.a. coupon rate and pays interest every six months. The bond is three

A 10-year Treasury bond with par value of $1,000 has a 6% p.a. coupon rate and pays interest every six months. The bond is three years old and has just made its sixth payment. The market now only requires a 5% p.a. return on the bond. What is the expected price of the bond?

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