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Intel recently issued semi-annual, 5.5% coupon bonds. The bond will mature in 4 years. The current yield-to-maturity for bonds like this is 2%. Assuming

Intel recently issued semi-annual, 5.5% coupon bonds. The bond will mature in 4 years. The current yield-to-maturity for bonds like this is 2%. Assuming the par value is $1,000, what is the price of this bond?

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