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Follie Corp.'s bonds have a 20-year maturity, a 7.80% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 8.40%, based

Follie Corp.'s bonds have a 20-year maturity, a 7.80% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 8.40%, based on semiannual compounding. What is the bonds price?

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