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Corporations bond have 5 years remaining to maturity. Interest is paid semiannually. Par value 1,000 Coupon interest rate 4% Yield to maturity 5% Required: Calculate

Corporations bond have 5 years remaining to maturity. Interest is paid semiannually.

Par value	1,000
Coupon interest rate	4%
Yield to maturity	5%

Required: Calculate the current market price of these bonds

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