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You purchased a 10-year coupon bond (face value = $1000) four and a half years ago and now you have decided to sell it so

You purchased a 10-year coupon bond (face value = $1000) four and a half years ago and now you have decided to sell it so that you can invest in a different security.  If the bond pays a 5% annual coupon.



What value do you expect to receive for the bond (assume the YTM is 4%)?

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