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ABC Motor issued an 8% coupon rate, semiannual payment, $1,000 par value bonds that mature in 20 years two years ago. The yield to maturity
ABC Motor issued an 8% coupon rate, semiannual payment, $1,000 par value bonds that mature in 20 years two years ago. The yield to maturity is 10% today. What is the bond price today? (Do not use the dollar sign ($) and round your answer to 2 decimal points)
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