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A Company has a bond outstanding with a face value of $1000 that reaches maturity in 4 years. The bond certificate indicates that the stated

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"A Company has a bond outstanding with a face value of $1000 that reaches maturity in 4 years. The bond certificate indicates that the stated coupon rate for this bond is 2.5% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the bond is 3.5, then the price that this bond trades for will be closest to Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an

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