Question: A $1000 face value bond, with a 6.4 % coupon rate paid semi-annually and maturing in five years, is currently yielding 7.5% in the market.

A $1000 face value bond, with a 6.4 % coupon rate paid semi-annually and maturing in five years, is currently yielding 7.5% in the market. What is the current price of the bond

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