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Four years ago, Nunavut Ocean Cruises sold an issue of 12-year $1.000 par bonds to build new ships. The bonds pay a 6.6% annual coupon.

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Four years ago, Nunavut Ocean Cruises sold an issue of 12-year $1.000 par bonds to build new ships. The bonds pay a 6.6% annual coupon. The current required rate of return is 10%. For how much should these bonds sell today? (Round your answer to the nearest whole number.)

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