you're interested in purchasing a 7 year us treasury 5% coupon bond with a face value of $1000. the bond pays coupons semi-annually. the next coupon will be paid in 6 months. the bond has a ytm of 3.5% when expressed as an effective 6-month rate (not as an ear, or as an apr). determine the current price of the bond. express you answer in dollars and cents.



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