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A bond that pays 10% interest compounded annually on a $1,000 face value will mature in 17 years. The interest rate is now 12%. What

A bond that pays 10% interest compounded annually on a $1,000 face value will mature in 17 years. The interest rate is now 12%. What should the bonds market price be? Do not round intermediate calculations. Round PVFA and PVF values in intermediate calculations to four decimal places. Round your answer to the nearest cent.

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