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Apple has 4% coupon bonds on the market that have 8 years left to maturity. The bonds will make annual payments. If the YTM on

Apple has 4% coupon bonds on the market that have 8 years left to maturity. The bonds will make annual payments. If the YTM on these bonds is 6%, what is the current bond price? Assume the face value of the bond is $1,000.

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