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You are considering the purchase of a $1,000 par value bond with a coupon rate o 6.5% with interest paid se annually that matures in

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You are considering the purchase of a $1,000 par value bond with a coupon rate o 6.5% with interest paid se annually that matures in 12 years if the bond is priced to yeld 8%, what is the bond's current price? The bond's current price is $ . (Round to the nearest cent.)

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