Question: A $ 1,000 face value bond has a yield to maturity of 12.32%. The bond has a coupon rate of 13% and pays semiannual coupons

A $ 1,000 face value bond has a yield to maturity of 12.32%. The bond has a coupon rate of 13% and pays semiannual coupons . The bond matures in 7 years. What is the price of the bond?

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