Question: A semi - annual coupon bond has a face value of $ 1 , 0 0 0 and a coupon rate of 5 . 9

A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 5.9%. Time to maturity is 10 years and the current yield to maturity is 4.7%. How much is this bond worth? Round to the nearest cent.

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