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One year ago a $1,000 face value, 6% coupon bond with a 5-year term was selling for $1,100. Since then, the market yield has decreased

One year ago a $1,000 face value, 6% coupon bond with a 5-year term was selling for $1,100. Since then, the market yield has decreased by two percentage points. The bond pays interest semiannually and now has four years to maturity. What is the bond's price today?

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