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A $1,000 face value bond matures in 11 years, pays interest annually, and has a 16% percent coupon. The bond is currently trading at a

A $1,000 face value bond matures in 11 years, pays interest annually, and has a 16% percent coupon. The bond is currently trading at a YTM of 15%. What is the market price of the bond? (Enter the answer in $ accurate to two decimal places.)

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