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A coupon bond that pays interest annually has a par value of $1000, matures in 3 years, and has a yield to maturity of 3.5%.

A coupon bond that pays interest annually has a par value of $1000, matures in 3 years, and has a yield to maturity of 3.5%. If the coupon rate is 1.5%, the value of the bond today will be __________.

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