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ABC Inc. recently issued $1,000 par bonds at a 5.78% coupon rate. If the bonds have 5 years to maturity and a YTM of 11.42%,

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ABC Inc. recently issued $1,000 par bonds at a 5.78% coupon rate. If the bonds have 5 years to maturity and a YTM of 11.42%, what is the current price of the bond? Assume semi-annual compounding. Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box

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