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What is the current price of this bond? Please show steps to do so. You are considering a bond with a Face Value of $1,000.00

What is the current price of this bond? Please show steps to do so.

You are considering a bond with a Face Value of $1,000.00 and a Coupon Rate of 3.0%. The bond has 7 years until maturity, and coupon payments are paid Semiannually.

The yield to maturity on similar securities in the market is 11.3%.

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