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  Four years ago you issued 12-year, $1,000 par bonds with a 7.5% semi-annual coupons that sold...

  Four years ago you issued 12-year, $1,000 par bonds with a 7.5% semi-annual coupons that sold at a yield of 9%. If the required yield on the bonds today is 6.5%, what should be the current price of the bonds?

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