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soca co. offers a 9 percent coupon bond with semiannual payments and a yield to maturity of 7.50 percent. The bonds mature in 18 years.

soca co. offers a 9 percent coupon bond with semiannual payments and a yield to maturity of 7.50 percent. The bonds mature in 18 years. What is the market price of a $1,000 face value bond?

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