Question: Suppose a company issues a bond with a face value of $1,000, a maturity of 23 years, and a coupon rate. It is paid at

Suppose a company issues a bond with a face value of $1,000, a maturity of 23 years, and a coupon rate. It is paid at an annual rate of 5.8%. 

If the yield-to-maturity is 4.7%, what is the current price of the bond?

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