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Bond valuation $ 9-3: Bond Valuation Problem Walk-Through Bond valuation Nungesser Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 7 years

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Bond valuation $

9-3: Bond Valuation Problem Walk-Through Bond valuation Nungesser Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 7 years to maturity, and an 8% YTM. What is the bond's price? Round your answer to the nearest cent.

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