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You are interested in investing in a bond from StyleBox. The par value is $1,000, the bond matures in 6 years, it has a 7%

You are interested in investing in a bond from StyleBox. The par value is $1,000, the bond matures in 6 years, it has a 7% coupon, interest is paid semiannually, and its yield to maturity (YTM) is 4.6%. What is the fair price for this bond?

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