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A 10-year bond matures for $2,000 and has annual coupons. The first coupon is $100, and each increases by 10%. The bond is priced to

A 10-year bond matures for $2,000 and has annual coupons. The first coupon is $100, and each increases by 10%. The bond is priced to annual yield 9%. Determine the price of the bond. [Express by two decimal points.]

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