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Homer Homer plans to issue a bond that pays 6.66 percent coupon bonds with semiannual payments and a yield to maturity of 7.24 percent. The

Homer Homer plans to issue a bond that pays 6.66 percent coupon bonds with semiannual payments and a yield to maturity of 7.24 percent. The bonds mature in seven years and have a face value of $1,000. What is the market price of the bond?

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