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In the past, Farmer Frank bought a $1,000 face value, 5.0 percent coupon bond (interest paid semiannually) at $1,000. The bond now has 8 years

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In the past, Farmer Frank bought a $1,000 face value, 5.0 percent coupon bond (interest paid semiannually) at $1,000. The bond now has 8 years until it matures and interest rates are currently 3.0 percent. What is the current value of the bond? Enter your answer below as a positive number and without a dollar sign

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