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A bond has a 6.5% coupon rate, 12 years to maturity, $1,000 par value, semiannual coupons, and interest rate of 5%. What is the bond

A bond has a 6.5% coupon rate, 12 years to maturity, $1,000 par value, semiannual coupons, and interest rate of 5%. What is the bond price?

Enter your answer to the nearest cent. Do NOT include a dollar sign or comma in your answer (e.g. write 1000.00 if you answer is one thousand dollars).

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