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A firm issued 7-year bonds 2 years ago at a coupon rate of 7.00%. The bonds have a par value of $1,000. If the yield

A firm issued 7-year bonds 2 years ago at a coupon rate of 7.00%. The bonds have a par value of $1,000. If the yield to maturity on the bonds is 4.00%, then what is the current bond price? Assume semiannual compounding. Round your answer to the nearest $0.01

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