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In Bloomberg, you observe a treasury bond priced at 1577.4. Upon examining its original details, you note an 8% coupon rate, a par value of

In Bloomberg, you observe a treasury bond priced at 1577.4. Upon examining its original details, you note an 8% coupon rate, a par value of 1000, and a maturity of 10 years

.You are now assisting the government in issuing another bond with a 10-year maturity and a 1000 par value. However, this bond has a coupon rate of 10%. What should its price be?

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