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Freiburg Faucets Incorporated issued 20.00-year bonds 3.00 years ago with a coupon rate of 8.25% APR. The bonds pay semi-annual coupons, have a face value

Freiburg Faucets Incorporated issued 20.00-year bonds 3.00 years ago with a coupon rate of 8.25% APR. The bonds pay semi-annual coupons, have a face value of $1,000 each and were issued at par value. What is the price of the Freiburg bonds today if investors want a 7.55% APR return for bonds of similar risk and maturity?

Please round answer to 2 decimals places :)

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