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Modern Visionary Hotel Chain has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in seven years, and have a 6 percent coupon.

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Modern Visionary Hotel Chain has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in seven years, and have a 6 percent coupon. The annual yield to maturity is 4.4%. What is the bonds current price? (round to the nearest penny) n .- PV PMT FV

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