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Blue Water bonds have a face value of $1,000, a coupon rate of 6.5 percent, semiannual interest payments, and mature in 15 years. What is

Blue Water bonds have a face value of $1,000, a coupon rate of 6.5 percent, semiannual interest payments, and mature in 15 years. What is the current price of these bonds if the yield to maturity is 7.20 percent?

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