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Joey is considering the purchase of a ​$1000 par value bond with a coupon rate of...

Joey is considering the purchase of a ​$1000 par value bond with a coupon rate of 5.1​% ​(with interest paid​ semiannually) that matures in 12 years. If the bond is priced to yield 9​%, what is the​ bond's current​ price?

The​ bond's current price is

=​$

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