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Calculate the price of the following corporate bond with a credit rating of BBB+ / Baa+: $1,000 par value, 8% semi-annual pay coupon, 8.40% yield

Calculate the price of the following corporate bond with a credit rating of BBB+ / Baa+: $1,000 par value, 8% semi-annual pay coupon, 8.40% yield to maturity, and 5 years to maturity.

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