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Suppose you came into some money and looking for a bond to invest in. You found a $1,000, with 7 years left to maturity bond.

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Suppose you came into some money and looking for a bond to invest in. You found a $1,000, with 7 years left to maturity bond. If the bond has a 6% coupon rate but pays interest semi-annually and you require a 12% return on your investment, how much are you willing to pay for the bond? (Round your answer to two decimal point)

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