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A bond is issued with a face value of $1,000. It pays a coupon rate of 8%. The coupon payments are semi-annual (i.e., every 6

A bond is issued with a face value of $1,000. It pays a coupon rate of 8%. The coupon payments are semi-annual (i.e., every 6 months). The yield to maturity on the bond is 10%. Find the price of this bond showing all work.

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