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Consider a $1,000 par, GE bond offers a 5.5% coupon with coupons paid annually. As of today, the bond has exactly 13 years remaining until

Consider a $1,000 par, GE bond offers a 5.5% coupon with coupons paid annually. As of today, the bond has exactly 13 years remaining until maturity. The bonds yield to maturity is 7.8%. What is the price of the bond?

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