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Blues Corporation issued 15-year bonds with a par of $1,000 one year ago today at a coupon rate of 8%. The bonds make semiannual payments.

Blues Corporation issued 15-year bonds with a par of $1,000 one year ago today at a coupon rate of 8%. The bonds make semiannual payments. If the YTM on these bonds is 7.5%, what is the current bond price?

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