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A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 5.8%. Time to maturity is 16 years and the current

A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 5.8%. Time to maturity is 16 years and the current yield to maturity is 8.8%. How much is this bond worth? Round to the nearest cent (two decimal places).

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