[Solved] The yield to maturity of a $1,000 bond wi

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The yield to maturity of a $1,000 bond with a 7.1% coupon rate, semi-annual coupons, and two years to maturity is 8.3% APR, compounded semi-annually.

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The yield to maturity of a $1,000 bond with a 7.1% coupon rate, semi-annual coupons, and two years to maturity is 8.3% APR, compounded semi-annually. What must its price be? The price of the bond is $. (Round to the nearest cent.)

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