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The yield to maturity of a $1,000 bond with a 8% coupon rate, semiannual coupons, and two years to maturity is 4% APR, compounded semiannually.

The yield to maturity of a $1,000 bond with a 8% coupon rate, semiannual coupons, and two years to maturity is 4% APR, compounded semiannually. What is its price? The price of the bond is $(Round to the nearest cent.)

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