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Suppose a 10 -year, $1,000 bond with a 8 % coupon rate and semiannual coupons is trading for a price of $1,102.87 If thebond's yield

Suppose a10-year, $1,000bond with a8 %coupon rate and semiannual coupons is trading for a price of$1,102.87

If thebond's yield to maturity changes to 8% APR, what will thebond's pricebe?

The price is $ (Round to the nearest cent.)

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