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DT Corp. bonds have a 15-year maturity, an annual coupon rate of 7%, and par value of $1,000. Interest is paid semiannually. The market interest

DT Corp. bonds have a 15-year maturity, an annual coupon rate of 7%, and par value of $1,000. Interest is paid semiannually. The market interest rate is 6% per year. What is the bond's price?

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