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A company has decided to issue bonds with annual coupon payments. The bonds will have a par value of $ 1 , 0 0 0

A company has decided to issue bonds with annual coupon payments. The bonds will have a par value of $1,000,20 years to maturity, and a coupon rate of 9.6 percent paid annually. If the bond's yield to maturity is 8.3 percent, what is the price of the bond?
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