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A company issued bonds four years ago with an original maturity of 2 0 years a 9 . 2 5 % coupon rate with semiannual

A company issued bonds four years ago with an original maturity of 20 years a 9.25% coupon rate with semiannual coupon payments, and a par value of $1000. The current market interest rate is 10.25%. What is the bonds dollar price?

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