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Beaver Business Inc. offers 5.2 percent coupon bonds with semiannual payments and a yield to maturity of 3.3 percent. The bonds mature in 12 years.

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Beaver Business Inc. offers 5.2 percent coupon bonds with semiannual payments and a yield to maturity of 3.3 percent. The bonds mature in 12 years. What is the market price of each bond if the face value is $1,000? Do not round intermediate calculations. Round your answer to the nearest cent

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