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Ultra Air's bonds have a 8-year maturity, a 8% coupon, paid semiannually, and a par value of $1,000. What is the bond's price (in $)

Ultra Air's bonds have a 8-year maturity, a 8% coupon, paid semiannually, and a par value of $1,000.

What is the bond's price (in $) if the required return (YTM) is 6%?

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