Question: The $1,000 face value EEK bond has a coupon rate of 8%, with interest paid semi-annually, and matures in 3 years. If the bond is

The $1,000 face value EEK bond has a coupon rate of 8%, with interest paid semi-annually, and matures in 3 years. If the bond is priced to yield 6.50%, what is the bond's value/price today? Please show your work.

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