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Franklin Framing Inc. has twenty years remaining on $1,000 par value semiannual coupon bonds paying semiannual coupons of $40. If the yield to maturity on

Franklin Framing Inc. has twenty years remaining on $1,000 par value semiannual coupon bonds paying semiannual coupons of $40. If the yield to maturity on these bonds is 6% per year, what is the current price?

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