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Ola Corporation decides to raise funds via a corporate bond issue. The bonds are to be issued in US dollars at a par value of

Ola Corporation decides to raise funds via a corporate bond issue. The bonds are to be issued in US dollars at a par value of $1000. The company states that they will pay a 4% annual coupon over a five-year term. If the YTM is 5%, what is the bonds price?

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