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The yield to maturity of a $1,000 bond with a 6.9% coupon rate, semiannual coupons, and two years to maturity is 8.5% APR, compounded semiannually.

The yield to maturity of a

$1,000

bond with a

6.9%

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

8.5%

APR, compounded semiannually. What is its price?

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