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A coupon bond that pays interest semiannually has a par value of $1000, matures in 8 years, and has a yield to maturity of 6%.

A coupon bond that pays interest semiannually has a par value of $1000, matures in 8 years, and has a yield to maturity of 6%. If the coupon rate is 7%, the current price of the bond today should be....

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