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A company is attempting to immunize a schedule of liability cash flows via cash flow matching. The cash flows are as follows: Year Liability (

A company is attempting to immunize a schedule of liability cash flows via cash flow matching. The cash flows are as follows:
Year Liability (000s)
1175
2227
3341
Starting from the end and working forward, the company decides to match the year 3 cash flow by investing in a 3 year 6.41% annual coupon bond, currently priced at 102.71 per $100 of par value.
What is the amount of face value of this bond that the company must buy to match the year 3 liability?
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