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A companys bonds have a face value of $1,000, 20-year maturity, and an annual coupon rate of 6%, with semiannual coupon payments. If the YTM

A companys bonds have a face value of $1,000, 20-year maturity, and an annual coupon rate of 6%, with semiannual coupon payments. If the YTM on these bonds is 8%, what is the current bond price?

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