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UWA Inc. issued a bond with a $1,000 face value and a coupon rate of 8%. If the bond has a life of 5 years,

UWA Inc. issued a bond with a $1,000 face value and a coupon rate of 8%. If the bond has a life of 5 years, pays annual coupons, and the market rate is 6%, what will be the bond sell for?

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