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ABC Corporation's bonds have 13 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate
ABC Corporation's bonds have 13 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10.25%. The bonds have a yield to maturity of 15.00%. What is the current market price of these bonds?
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