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ABC Inc. recently issued $1,000 par bonds at a 2.37% coupon rate. If the bonds have 11 years to maturity and a YTM of 6.59%,

ABC Inc. recently issued $1,000 par bonds at a 2.37% coupon rate. If the bonds have 11 years to maturity and a YTM of 6.59%, what is the current price of the bond? Assume semi-annual compounding.

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