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Synergy INC. recently issued bonds with a face value of $1000 each. The coupon rate is equal to 5.3% and the yield to maturity is

Synergy INC. recently issued bonds with a face value of $1000 each. The coupon rate is equal to 5.3% and the yield to maturity is equal to 7%. The bond matures in 3 years.

Calculate the price of the bond today.

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