Question: A 10-year bond, $1,000 face value bond with a 8% coupon rate and semi-annual coupons has a yield to maturity of 7%. The bond should

A 10-year bond, $1,000 face value bond with a 8% coupon rate and semi-annual coupons has a yield to maturity of 7%. The bond should be trading at a price of $_________(Round to the nearest cent.)

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