The yield to maturity of a $$$$1$ comma $000$ bond with a $7\mathrm{.}4\%$ coupon$$ rate, semiannual$$ coupons, and two years to maturity is $8\mathrm{.}5\%$APR$,$ compounded semiannually. What is its$$ price?

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Part $1$

The price of the bond is $$$

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