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A semiannual coupon bond with face value of $1,000 has a coupon rate of 5% and matures in 16 years. The market-determined discount rate on

A semiannual coupon bond with face value of $1,000 has a coupon rate of 5% and matures in 16 years. The market-determined discount rate on this bond is 15%. What is the price of the bond?

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