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The US Treasury issues a 20-year T-bond to JPMorgan. They have a par value (face value) of $1,000, an 8% yield, a 6% coupon rate,

The US Treasury issues a 20-year T-bond to JPMorgan. They have a par value (face value) of $1,000, an 8% yield, a 6% coupon rate, and pays semiannually. JPMorgan decides to convert this to STRIPS. Calculate the price of the STRIPS resulting from the conversion of the face value of the original T-bond

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