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A Japanese government bond with a $1,000 face value has a 2.39% annual coupon rate. The bond matures in 5 years. The current YTM on
A Japanese government bond with a $1,000 face value has a 2.39% annual coupon rate. The bond matures in 5 years. The current YTM on the bond is -0.3% (negative!). What is this bond worth? Round to the nearest cent.
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