Question: A coupon bond which pays interest semi - annually has a par value of $ 1 , 0 0 0 , matures in 8 years,

A coupon bond which pays interest semi-annually has a par value of $1,000, matures
in 8 years, and has a yield to maturity of 6%. If the coupon rate is 7%, the price of
the bond today will be

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