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Dufner Co. issued 13-year bonds one year ago at a coupon rate of 7.5 percent. The bonds make semiannual payments. If the YTM on these

Dufner Co. issued 13-year bonds one year ago at a coupon rate of 7.5 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.5 percent, what is the current dollar price assuming a par value of $1,000?

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