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Consider a bond with a coupon rate of 11.4%, a yield-to maturity of 10.5% and a face value of $1,000. The coupons are paid semi-annually

Consider a bond with a coupon rate of 11.4%, a yield-to maturity of 10.5% and a face value of $1,000. The coupons are paid semi-annually and the bond matures in 4 years. What is the price (or PV) of this bond?

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