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A company issues a series of bonds with a par value of $ 1 , 0 0 0 and a maturity of 3 0 years.

A company issues a series of bonds with a par value of $1,000 and a maturity of 30 years. The bonds pay interest based upon an annual fixed coupon rate of 5%, but coupon payments are made on a semiannual basis. Ten years pass since the issuance date and the going rate in the market for similar bonds is 6.5%. What price should an investor be willing to pay for one bond ten years after the issuance date?
(Input your final answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.123.45. Do not input a dollar sign with your final answer.)
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