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PACCAR Inc issues a 4 percent coupon bond with 9 years maturity, $1,000 face (par) value, and semi-annual payments. If the yield to maturity of

PACCAR Inc issues a 4 percent coupon bond with 9 years maturity, $1,000 face (par) value, and semi-annual payments. If the yield to maturity of this bond is 5 percent, find the bond's price.

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