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A company's semi-annual coupon bonds have a 2-year maturity, a par value of $1000 and a coupon of $125. These bonds sell at their par
A company's semi-annual coupon bonds have a 2-year maturity, a par value of $1000 and a coupon of $125. These bonds sell at their par value of $1000. The company's annual coupon bonds have the same risk, maturity, nominal interest rate and par value. Neither bond is callable. At what price should the company's annual coupon bond sell? (Enter the value in dollars).
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