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General mills has a $1000 par value, $15- year to maturity bond outstanding with an annual coupon rate of 7.86 percent per year paid semiannually.

General mills has a $1000 par value, $15- year to maturity bond outstanding with an annual coupon rate of 7.86 percent per year paid semiannually. Market interest rate on similar bonds are 11.15 percent, Calculate the bonds price today.

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