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Tho yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.6% APR, compounded somiannually.

Tho yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.6% APR, compounded somiannually. What is its price? The price of the bond is \& (Round to the nearest cent.)

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