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ABC, Inc. has issued a 7-year bond with a par value of $1,000, coupon rate of 11.54%. The yield to maturity (YTM) is 9.94%. Assume

ABC, Inc. has issued a 7-year bond with a par value of $1,000, coupon rate of 11.54%. The yield to maturity (YTM) is 9.94%. Assume semi-annual payments. What is today's price of this bond?

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