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in 2016, a semiannual coupon bond that matures in 2036 and has a $1000 par value traded at $1070. its par value is $1000 and
in 2016, a semiannual coupon bond that matures in 2036 and has a $1000 par value traded at $1070. its par value is $1000 and its coupon rate is 6%. in 2017, the yield to maturity on the bond is 2% less than a year ago. what is the price for the bond in 2017?
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