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You are considering the purchase of a $ 1 , 0 0 0 par value bond with a coupon rate of 5 . 6 %

You are considering the purchase of a $1,000 par value bond with a coupon rate of 5.6%(with interest paid semiannually) that matures in 12 years. If the bond is priced to yield 9%, what is the bond's
current price?
The bond's current price is $.(Round to the nearest cent.)
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