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What is the price of a 7-year, 8.8% semi-annual coupon bond with $1,000 face value if the yield to maturity on similar bonds is 4.4%?
What is the price of a 7-year, 8.8% semi-annual coupon bond with $1,000 face value if the yield to maturity on similar bonds is 4.4%? Round to the nearest cent.
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