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A bond with a face value of $ 1 , 0 0 0 matures in 1 5 years, pays interest semi - annually, and has

A bond with a face value of $1,000 matures in 15 years, pays interest semi - annually, and has a yield to maturity of 12 percent. What is the current market price of the bond if the coupon rate is 9%? show all work.

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