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The yield to maturity of a $ 1000 bond with a 6.6 % coupon rate, semiannual coupons, and two years to maturity is 7.9 %

The yield to maturity of a

$ 1000

bond with a

6.6 %

coupon rate, semiannual coupons, and two years to maturity is

7.9 %

APR, compounded semiannually. What is its price?

The price of the bond is

$nothing

(Round to the nearest cent.)

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