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A 5.25% coupon bond with 17 years left to maturity can be called in 9 years. The call premoum is one-half year of coupon payments.

A 5.25% coupon bond with 17 years left to maturity can be called in 9 years. The call premoum is one-half year of coupon payments. It is currently offered for sale at $1,025. At what price would the bond be called? (Assume interest payments are semiannual)

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