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What is the price of a 5-year, 8.3% coupon rate, $1,000 face value bond that pays interest annually if the yield to maturity on similar

What is the price of a 5-year, 8.3% coupon rate, $1,000 face value bond that pays interest annually if the yield to maturity on similar bonds is 7.1%? ork iz/Te The price of the bond is $ (Round to the nearest cent)

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