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Suppose that a firm issued a bond with 5 years until maturity, a face value of $1000, and a coupon rate of 8% (semiannual payments).

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Suppose that a firm issued a bond with 5 years until maturity, a face value of $1000, and a coupon rate of 8% (semiannual payments). The yield to maturity on this bond when it was issued was 6%. Assuming the yield to maturity remains constant, what is the price of the bond immediately before it makes its second coupon payment

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