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Firm Z issued 14 year, semiannual-pay, $1000 par bonds 5 years ago at a coupon rate of 3.73 percent. If the YTM on these bonds

Firm Z issued 14 year, semiannual-pay, $1000 par bonds 5 years ago at a coupon rate of 3.73 percent. If the YTM on these bonds is 7.34 percent, what is the current bond price?

Answer to two decimals

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