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What is the price of a 5-year, 7.6% coupon rate, $1,000 face value bond that pays interest quarterly if the yield to maturity on similar
What is the price of a 5-year, 7.6% coupon rate, $1,000 face value bond that pays interest quarterly if the yield to maturity on similar bonds is 11.9%?
The price of the bond is $________.
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