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Please show all work and answer clearly, thanks! Suppose that you are considering investing in a four-year bond that has a face value of $1,000

image text in transcribed Please show all work and answer clearly, thanks!

Suppose that you are considering investing in a four-year bond that has a face value of $1,000 and a coupon rate of 5.2%. If the market interest rate on similar bonds is 5.2%, the price of the bond is. (Round your response to the nearest cent.)

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