Question: A $1,000 face value bond currently has a yield to maturity of 11.62% the bond matures in 16 years and pays interest semi - annually

A $1,000 face value bond currently has a yield to maturity of 11.62% the bond matures in 16 years and pays interest semi - annually the coupon rate is 9.75 percent what is the current price of this bond ?

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