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Ashland Inc. issues 19-year bonds with 7.9% annual coupons and with a face (par) value of $1,000. Using a discount rate of 5%, how much

Ashland Inc. issues 19-year bonds with 7.9% annual coupons and with a face (par) value of $1,000. Using a discount rate of 5%, how much should be the price of these bonds to the nearest cent?

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