Question: A $1000 face value bond currently has a yield to maturity of 7.63%pa. The bond matures in 6 years and pays interest semi-annually . The

A $1000 face value bond currently has a yield to maturity of 7.63%pa. The bond matures in 6 years and pays interestsemi-annually. The coupon rate is 6.95%. What is the current price of this bond?

Round to TWO decimal places ignoring $ sign and cashflow direction

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