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A corporate bond has 2 1 years to maturity, a face value of $ 1 , 0 0 0 , a coupon rate of 4

A corporate bond has 21 years to maturity, a face value of $1,000, a coupon rate of 4.6% and pays interest twice a year. The annual market interest rate for similar bonds is 3.3%. What is the value of the bond (in $)?

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