Question: A $1,000 face value bond currently has a yield to maturity of 12.62 percent. the bond matures in 16 years and pays interest annually. The

A $1,000 face value bond currently has a yield to maturity of 12.62 percent. the bond matures in 16 years and pays interest annually. The coupon rate is 9.75 percent. What is the current price of this bond?

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