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Callaghan Motors' bonds have 24 years remaining to maturity. Interest is pald annually, they have a 51,000 par value, the coupon interest rate is 8%,

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Callaghan Motors' bonds have 24 years remaining to maturity. Interest is pald annually, they have a 51,000 par value, the coupon interest rate is 8%, and the yield to maturity is 7%. What is the bond's current market price? Round your answer to the nearest cent

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