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Dufner Co. issued 15-year bonds one year ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If the YTM on these

Dufner Co. issued 15-year bonds one year ago at a coupon rate of 7.1 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.4 percent, what is the current dollarprice assuming a par value of $1,000?

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