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Bernard co . has 9 % coupon bonds on the market that have 1 8 years left to maturity. The bonds will make annual payments.

Bernard co. has 9% coupon bonds on the market that have 18 years left to maturity. The bonds will make annual payments. If the YTM on these bonds is 6%, what is the current bond price (in $ dollars)?(Assume the face value of the bond is $1,000) $________.

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