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CEPS Group has a 8.45 percent coupon bond outstanding that matures in 13 years. The bond...

CEPS Group has a 8.45 percent coupon bond outstanding that matures in 13 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 8.36 percent compounded semiannually?

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