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You are considering the purchase of a $1,000 par value bond with a coupon rate of 6.5% (with interest paid semiannually) that matures in 12

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You are considering the purchase of a $1,000 par value bond with a coupon rate of 6.5% (with interest paid semiannually) that matures in 12 years. If the bond is priced to yield 9% what is the band's current price? The bonds current prices (Round to the nearest cent)

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