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A 7-year bond with a face value of $1,000 and a coupon rate of 6.75% is currently trading at a yield-to-maturity of 6.25%. What is
A 7-year bond with a face value of $1,000 and a coupon rate of 6.75% is currently trading at a yield-to-maturity of 6.25%. What is the value of this bond? Round to the nearest $0.01. Hint: Assume the yield-to-maturity is the proper discount rate.
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