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The $1,000 face value bond has a coupon rate of 4.25%, with interest paid semi-annually, and matures in 7 years. If the bond is priced

  1. The $1,000 face value bond has a coupon rate of 4.25%, with interest paid semi-annually, and matures in 7 years. If the bond is priced to yield 2.36%, what is the bond's value today?

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