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Mr. bond considering purchasing a bond with 10-year maturity and $1000 face value. the coupon interest rate is 8% and the interest is paid annually.

Mr. bond considering purchasing a bond with 10-year maturity and $1000 face value. the coupon interest rate is 8% and the interest is paid annually. if Mr. bond requires 12% yield to maturity on the investment, then, what is the price of the bond ?

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