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The yield to maturity of a $ 1 , 0 0 0 bond with a 6 . 9 % coupon rate, semiannual coupons, and two
The yield to maturity of a $ bond with a coupon rate, semiannual coupons, and two years to maturity is APR, compounded semiannually. What is its price?
The price of the bond is $
Round to the nearest cent.
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