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Consider a corporate bond. The face value of the bond is $1,000. The bond pays coupon annually. The coupon rate on the bond is 8%.

Consider a corporate bond. The face value of the bond is $1,000. The bond pays coupon annually. The coupon rate on the bond is 8%. The yield to maturity for the bond is 6%. The bond just paid a coupon payment and has exactly two years until maturity. What is the price of the bond?

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