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ABCD Inc. issued 10-year bonds, paying 5.44% p.a. quarterly coupon bonds with a face value of $1,000. The companys bond rating is A. Assuming the

ABCD Inc. issued 10-year bonds, paying 5.44% p.a. quarterly coupon bonds with a face value of $1,000. The companys bond rating is A. Assuming the market interest rate of 6.77% p.a., calculate the price of the companys bond.

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