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Consider a one-year bond with face value = 1000, a coupon rate = 10%, and coupon payments paid semi-annually. Suppose that the market interest rate

Consider a one-year bond with face value = 1000, a coupon rate = 10%, and coupon payments paid semi-annually. Suppose that the market interest rate is 6%. You are planning to buy the bond today, what is the price of the bond?

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