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Assume that you wish to buy a bond with 18 years to maturity, with a par value of $1,000, and a coupon rate of 21.53%.

Assume that you wish to buy a bond with 18 years to maturity, with a par value of $1,000, and a coupon rate of 21.53%. Assume semi-annual payments. If the yield to maturity (YTM) is 22.87%, what is today's price of this bond?

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