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Acme Inc. just issued a bond with a $1,000 face value and semi-annual coupons of $25. If the bond matures in 9 years and its

Acme Inc. just issued a bond with a $1,000 face value and semi-annual coupons of $25. If the bond matures in 9 years and its yield to maturity is 5%. What will the bond sell for? Round your answer to the nearest dollar.

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