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GM issued 7 year bonds that have a 10% coupon rate. The coupon payments will be paid semiannually. The face value of the bond is
GM issued 7 year bonds that have a 10% coupon rate. The coupon payments will be paid semiannually. The face value of the bond is 1000. If the yield to maturity is 8%, what should the bonds sell for? Please type your final answer as a positive number, with no comma, and the second decimal place.
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