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Charlie is looking for a bond that would provide her at least a seven percent rate of return. One bond has ten years until maturity,

Charlie is looking for a bond that would provide her at least a seven percent rate of return. One bond has ten years until maturity, a par value of $1,000, and a coupon rate of 5.5 percent compounded semi-annually. What is the maximum price, rounded to the nearest dollar, that Winnie would be willing to pay for this bond?

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