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ABC Inc. recently issued $1,000 par bonds at a 17.95% coupon rate. If the bonds have 10 years to maturity and a YTM of 12.52%,

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ABC Inc. recently issued $1,000 par bonds at a 17.95% coupon rate. If the bonds have 10 years to maturity and a YTM of 12.52%, what is the current price of the bond? Assume semiannual compounding. Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box

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