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QUESTION 25 A $1,000 bond with a coupon rate of 3% paid semi-annually has 11 years to maturity and a yield to maturity of 10%.

QUESTION 25 A $1,000 bond with a coupon rate of 3% paid semi-annually has 11 years to maturity and a yield to maturity of 10%. The price of the bond is closest to $ Input your answer without the 5 sign and round your answer to two decimal places

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