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You are thinking of purchasing a corporate bond with semi-annual coupon payments. The coupon rate is 4% with a par value of $1000 and a

You are thinking of purchasing a corporate bond with semi-annual coupon payments. The coupon rate is 4% with a par value of $1000 and a maturity of 3 years. What is the current price if comparable interest rates (yield to maturities) are 7%?

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