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Oil Wells offers 5% coupon bonds with semiannual payments and a yield to maturity of 7%. The bonds mature in 8 years. What is the

Oil Wells offers 5% coupon bonds with semiannual payments and a yield to maturity of 7%. The bonds mature in 8 years. What is the market price per bond if the face value is $1,500? Round your answer to the nearest hundredths. (Enter upto two decimal numbers.) (Do NOT enter the dollar sign ($) and comma (,) . Enter numbers (and decimal point (.), if needed) only.)

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