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The yield to maturity of a $ 1 0 0 0 bond with a 6 . 8 % coupon rate, semi - annual coupons, and

The yield to maturity of a $ 1000 bond with a 6.8% coupon rate, semi-annual coupons, and two years to maturity is 8.9% APR, compounded semi-annually. What must its price be?
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Part 1
The price of the bond is $
enter your response here. (Round to the nearest cent.)

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