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Consider a bond maturing in 10 years with a coupon rate of 8 percent (paid semi-annually) on a face value of $1000. The next coupon

Consider a bond maturing in 10 years with a coupon rate of 8 percent (paid semi-annually) on a face value of $1000. The next coupon payment will occur 6 months from today, and the quoted yield-to-maturity on this bond is 8 percent. What is the current price of this bond?

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