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You purchased a 1 5 - year bond 8 years ago at a yield to maturity of 8 . 2 5 % . The bond

You purchased a 15-year bond 8 years ago at a yield to maturity of 8.25%. The bond has a face value of $1,000 and a coupon rate of 9.00%, paid semi-annually. If the investors required rate of return on this bond has stayed the same for 8 years, what is the price of the bond today?

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