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ABC Corporation's bonds have a 10-year maturity, a 5.75% coupon rate with interest paid semiannually, and a par value of $1,000. If your nominal required

ABC Corporation's bonds have a 10-year maturity, a 5.75% coupon rate with interest paid semiannually, and a par value of $1,000. If your nominal required rate of return on these bonds is 7.50%, what is the maximum price you should be willing to pay for the bond?

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