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A corporate bond has 30 years left to maturity, a par value of $1000, coupon rate of 7.5%, with semi-annual payments, and a YTM of

A corporate bond has 30 years left to maturity, a par value of $1000, coupon rate of 7.5%, with semi-annual payments, and a YTM of 4%. Let's assume that in 5 years, the YTM increases to 6.93%. what will the $price be for this bond in 5 years?

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