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A semiannual coupon bond has a 5 % coupon rate, a $ 1 , 0 0 0 face value, a current value of $ 1

A semiannual coupon bond has a 5% coupon rate, a $1,000 face value, a current value of $1,040, and 3 years until the first call date. What is the call price if the yield to call is 5.5%?

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