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What is the price of the bond that has a coupon rate of 5 . 3 % , a yield to maturity of 6 .

What is the price of the bond that has a coupon rate of

5.3 %,

a yield to maturity of

6.3 %,

a face value of $

1000,

and

30

years to maturity? The coupon payments are annual.

Enter your response below. Enter your answer to rounded

2

DECIMAL PLACES.

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