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Suppose that you are considering investing in a 4 - year bond that has a face value of $ 1 , 0 0 0 and

Suppose that you are considering investing in a 4-year bond that has a face value of $1,000 and a coupon rate of 5.3%.
a.) If the market interest rate on similar bonds is 5.3%, the price of the bond is $ (Round your response to the nearest cent.)
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