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Summit Systems has issued bonds that have a 5% coupon rate, with coupons paid semiannually. The bonds mature in 6 years, have a face value

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Summit Systems has issued bonds that have a 5% coupon rate, with coupons paid semiannually. The bonds mature in 6 years, have a face value of $1,000, and a yield to maturity of 8%. What is the price of the bond? Round your answer to two decimal places. Your

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