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The Kiplan Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the

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The Kiplan Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Kiplan bond is 7.5, then the price that this bond is (Please write the answer as an integer number, e.g write $10.12" as "10")

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