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BSW Corporation has a bond issue outstanding with an annual coupon rate of 7% paid quarterly and four years remaining until maturity. The par value

BSW Corporation has a bond issue outstanding with an annual coupon rate of 7% paid quarterly and four years remaining until maturity. The par value of the bond is $1,000. Determine the fair market value of this bond if market conditions justify a 14%, compounded quarterly rate of return? (round to 2 decimals)

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