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ABC, Inc. issued 1 5 - year bonds a year ago at a coupon rate of 4 . 9 % . The bonds make semi

ABC, Inc. issued

15 -

year bonds a year ago at a coupon

rate of

4.9 % .

The bonds make semi

-

annual payments and have a par value of $

1, 000 .

If the YTM on these bonds is

4.5 %,

what is the current bond price?

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