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Consider bonds that pay a coupon rate of 4.7% semiannually, for the next 15 years. The face value of the bonds is $1,000. The YTM

Consider bonds that pay a coupon rate of 4.7% semiannually, for the next 15 years. The face value of the bonds is $1,000. The YTM for the bonds is 6%. What is the current value of the bond?

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