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A 7.2% bond has a maturity of 15 years. The par value of the bond is $1000. If the yield to maturity is 5.3% and

A 7.2% bond has a maturity of 15 years. The par value of the bond is $1000. If the yield to maturity is 5.3% and the interest payments are made semiannually, then what is the current price of the bond?

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