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Douglas Distributing Inc. has issued 4 0 - year semiannual coupon bonds with a face value of $ 1 , 0 0 0 . If

Douglas Distributing Inc. has issued 40-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 8% and the current yield to maturity is 9.5%, what is the firm's current price per bond?

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