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A corporate bond has 19 years to maturity, a face value of $1,000, a coupon rate of 5.4% and pays coupon twice a year. The

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A corporate bond has 19 years to maturity, a face value of $1,000, a coupon rate of 5.4% and pays coupon twice a year. The annual market interest rate for similar bonds is 3.4%. Part 1 Attempt 2/3 for 6.7 pts. What is the price of the bond (in $ )

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