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Dhruv Inc. offers a 6.75% coupon bond with annual payments. The yield to maturity is 6.92% and the maturity date is 8 years from today.

Dhruv Inc. offers a 6.75% coupon bond with annual payments. The yield to maturity is 6.92% and the maturity date is 8 years from today. What is the market price of this bond if the face value is $1,000? Show the calculations in detail.

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