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Lucia just bought one coupon bond with a principal amount of $1,000 with an annual coupon rate of 4.94%. The bond pays annual interest payment
Lucia just bought one coupon bond with a principal amount of $1,000 with an annual coupon rate of 4.94%. The bond pays annual interest payment and will mature in three years. The yield to maturity of this coupon bond is 5.32%.
How much did Lucia pay to buy this 4-year coupon bond?
Please round your answer to the second decimal without a dollar sign. E.g. 1234.56
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