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Oil Wells offers 4.05 percent coupon bonds with semiannual payments and a yield to maturity of 7.86 percent. The bonds mature in seven years. What

Oil Wells offers 4.05 percent coupon bonds with semiannual payments and a yield to maturity of 7.86 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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