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A bond has a par value of $ 1 0 0 0 , a coupon rate of 8 % , a maturity of 7 years,

A bond has a par value of $1000, a coupon rate of 8%, a maturity of 7 years, and a yield to maturity (market rate) of 5%.
What is the price of this bond, assuming it makes annual coupon payments?
What is the current yield of this bond?

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