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ABC Corporation issued 20-year, 6.68% annual coupon bonds at their par value of $1,000 two year ago. Today, the market interest rate on these bonds

ABC Corporation issued 20-year, 6.68% annual coupon bonds at their par value of $1,000 two year ago. Today, the market interest rate on these bonds has dropped to 5.76%. What is the new price of the bonds ?

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