Question: You have a $1,000 face value bond. You know that it originally had a maturity of 13 years, one year ago. This bond has 8%

You have a $1,000 face value bond. You know that it originally had a maturity of 13 years, one year ago. This bond has 8% annual rate coupons, that are paid twice a year. The market for bonds like this has a YTM of 5.7%

What is the current price?

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