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A bond with 30 years to maturity has a face value of $1,000. The bond pays a 5 percent semiannual coupon, and the bond

A bond with 30 years to maturity has a face value of $1,000. The bond pays a 5 percent semiannual coupon, and the bond has a 7 percent nominal yield to maturity. What is the price of the bond today?

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