Question: A $1000 face value bond, with a 8.1% coupon rate paid semi-annually and maturing in three years, is currently yielding 6.9% in the market.

A $1000 face value bond, with a 8.1% coupon rate paid semi-annually

A $1000 face value bond, with a 8.1% coupon rate paid semi-annually and maturing in three years, is currently yielding 6.9% in the market. What is the current price of the bond?

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