Question: A three-year bond has 3% coupon rate and face value of $1000. If the yield to maturity on the bond is 6%, calculate the price

A three-year bond has 3% coupon rate and face value of $1000. If the yield to maturity on the bond is 6%, calculate the price of the bond assuming that the bond makes semi-annual coupon interest payment. Please use the formula to calculate, do not use Excel.

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