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Find the value of a 5-year semiannual coupon bond with face value of $1,000 and a coupon rate of 15.81% if the YTM is 11.82%.

Find the value of a 5-year semiannual coupon bond with face value of $1,000 and a coupon rate of 15.81% if the YTM is 11.82%. Report your answer using the bond price quote convention discussed in class.

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