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AAA Company is about to issue a bond with semiannual coupon payments, an annual coupon rate of 10%, and a par value of $ 1,000

AAA Company is about to issue a bond with semiannual coupon payments, an annual coupon rate of 10%, and a par value of $1,000. The yield to maturity for this bond is

a. What is the price of the bond if it matures in 5 years?

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