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Oil Wells offers 5 . 6 5 percent coupon bonds with semiannual payments and a yield to maturity of 6 . 9 4 percent. The

Oil Wells offers 5.65 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000?

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