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A bond offers a coupon rate of 8%, paid semiannually, and has a maturity of 5 years. If the current market yield is 7%, what

A bond offers a coupon rate of 8%, paid semiannually, and has a maturity of 5 years. If the current market yield is 7%, what should be the price of this bond?

Enter your answer in dollars, without the dollar sign ('$'), and rounded to the nearest cent (2 decimals).

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