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Suppose you just purchased a 4 year$ 1 , 0 0 0 par value bond. The coupon rate on this bond is 8 % annually,

Suppose you just purchased a 4 year$1,000 par value bond. The coupon rate on this bond is 8% annually, with interest being paid semi-annually. If you expect to earn a 12% rate of return on this bond, how much did you pay for it?(Round your answer to two decimal point)

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