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A coupon bond that pays interest annually has a par value of $1000, matures in 6 years, and has a yield to maturity of 6%.
"A coupon bond that pays interest annually has a par value of $1000, matures in 6 years, and has a yield to maturity of 6%. If the coupon rate is 15%, the value of the bond today will be __________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."
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