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Four years ago, the XYZ Corporation issued an 8% coupon (paid semiannually), 20-year, AA-rated bond at its par value of $1,000. Currently, the yield to

Four years ago, the XYZ Corporation issued an 8% coupon (paid semiannually), 20-year, AA-rated bond at its par value of $1,000. Currently, the yield to maturity on these bonds is 10%.

Calculate the price of the bond today.

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