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Consider the following semi-annual coupon bond: $1,000 par value; 5 years until maturity; 7% coupon rate; YTM of 6%. Calculate the bond's price today. NOTE:

Consider the following semi-annual coupon bond: $1,000 par value; 5 years until maturity; 7% coupon rate; YTM of 6%. Calculate the bond's price today. NOTE: This is a coupon bond.

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