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A Bond has 10 years to maturity and coupon rate of 6.5%. The face value of the bond $1000 and the coupon payment is payable

A Bond has 10 years to maturity and coupon rate of 6.5%. The face value of the bond $1000 and the coupon payment is payable annually. If the current market yield for the bond is 7%, the fair price of the bond is $ (rounded with two decimal points)

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