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FGX Inc. is issuing bonds to finance a new project in Kansas. These bonds are being offered with a face value of $1000, a coupon

FGX Inc. is issuing bonds to finance a new project in Kansas. These bonds are being offered with a face value of $1000, a coupon rate of 11% per year (paid semiannually), and a maturity of 13 years. Find the pure price of each bond if the current market interest rate for similar financial assets is 11% per year (compounded semiannually).

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