Question: You purchased a bond with $1,000 par value with 3% coupon rate and 10 years remaining until maturity. The yield to maturity was 6%. One

You purchased a bond with $1,000 par value with 3% coupon rate and 10 years remaining until maturity. The yield to maturity was 6%. One year later, you sell the bond and the rate of return was 5.36%. What is the price of the bond when you sell it?

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