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A bond offers a coupon rate of 1 1 % , paid annually, and has a maturity of 1 7 years. The current market yield

A bond offers a coupon rate of 11%, paid annually, and has a maturity of 17 years. The current market yield is 6%. If market conditions remain unchanged, what should the price of the bond be in 1 year?
Enter your answer in dollars, without the dollar sign ('$'), and rounded to the nearest cent (2 decimals).

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