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Suppose that you are considering investing in a 4-year bond that has a face value of $1 ,000 and a coupon rate of 5.8%. a.)

Suppose that you are considering investing in a 4-year bond that has a face value of $1 ,000 and a coupon rate of 5.8%. a.) If the market interest rate on similar bonds is 5.8%, the price of the bond is $D. (Round your response to the nearest cent.)

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