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An 1 1 . 3 5 % coupon bond with par value of $ 1 , 0 0 0 matures in 1 0 years and

11.35 %

coupon bond with par value of $

1, 000

matures in

10

years and yields

6.75 % .

Coupon payments are paid semi

-

annually. What is the bond's price?

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