A 1000 par value bond matures in 6 years pays interest


A $1,000 par value bond matures in 6 years, pays interest semi-annually, has a coupon rate of 5.2 and has a yield-to-maturity of 4.8 percent. What is the current market price? Round your answer to the nearest cent.

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Finance Basics: A 1000 par value bond matures in 6 years pays interest
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