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Bond valuation Nungesser Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 20 years to maturity, and an 9.5% YTM. What is

Bond valuation

Nungesser Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 20 years to maturity, and an 9.5% YTM. What is the bond's price? Round your answer to the nearest cent.

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