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A 6% $1,000 bond matures in 4 years, pays interest semiannually, and has a yield to maturity of 6.85%. What is the current market price
A 6% $1,000 bond matures in 4 years, pays interest semiannually, and has a yield to maturity of 6.85%. What is the current market price of the bond? Please so work.
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