Question: 1) A $1,000 face value bond currently has a yield to maturity of 5.5 percent (compounded semi-annually). The bond matures in 7 years and pays

1) A $1,000 face value bond currently has a yield to maturity of 5.5 percent (compounded semi-annually). The bond matures in 7 years and pays interest semi-annually. The coupon rate is 5.0 percent. What is the price today of this bond?

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