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Oceanic Cruises Inc. has just issued a 5-year bond. The face value of the bond is...

Oceanic Cruises Inc. has just issued a 5-year bond. The face value of the bond is 1,000 €. The bond is based in Europe and pays coupons annually; being the annualized coupon yield (=coupon rate) 6.6%. The current market interest rate for the bond (YTM) is 6% in annual terms. Please, find the fair value for the bond:

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