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Company X offers a 4.5 percent coupon bond payable semiannually. The yield to maturity is 9.5 percent and the bond matures in 7 years. What

Company X offers a 4.5 percent coupon bond payable semiannually. The yield to maturity is 9.5 percent and the bond matures in 7 years. What is the current price of the bond if its face value is $1000?

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