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Farmers, Inc. sold an issue of 19-year $1,000 par value bonds to the public. The bonds have a 8.43 percent coupon rate and pay interest

Farmers, Inc. sold an issue of 19-year $1,000 par value bonds to the public. The bonds have a 8.43 percent coupon rate and pay interest annually. The current market rate of interest on the Farmers, Inc. bonds is 8.63 percent. What is the current market price of the bonds? Round the answer to two decimal places.

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