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Whatever, Inc., has a bond outstanding with a coupon rate of 5.62 percent and semiannual payments. The yield to maturity is 7 percent and the

Whatever, Inc., has a bond outstanding with a coupon rate of 5.62 percent and semiannual payments. The yield to maturity is 7 percent and the bond matures in 14 years. What is the market price if the bond has a par value of $1,000?

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