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What is the price of a bond with a coupon rate of 5%, payable annually, a face value of $1000, 13 years to maturity, and
What is the price of a bond with a coupon rate of 5%, payable annually, a face value of $1000, 13 years to maturity, and a yield to maturity of 4.9%? Round answer to 2 decimal places.
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