Question: 5A$1,000 face value bond currently has a yield to maturity of 11.62%. The bond matures in 16 years and pays interest annually. The coupon rate

5A$1,000 face value bond currently has a yield to maturity of 11.62%. The bond matures in 16 years and pays interest annually. The coupon rate is 9.75%. What is current price of this bond

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