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Lion Corp. has a $1,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 10 years to maturity. The yield

Lion Corp. has a $1,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 10 years to maturity. The yield to maturity of the bond is 5 percent. What is the dollar price of the bond?

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