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YUNY Corp. has $ 1 , 0 0 0 par value 7 . 5 % coupon bonds outstanding. The remaining maturity is ten ( 1

YUNY Corp. has $

1, 000

par value

7.5 %

coupon bonds outstanding. The remaining maturity is ten

(10)

years. The coupon is paid semi

-

annually. The yield to maturity is

5.0 %

.

.

What is the current market price of the bond?

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